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Asian Rubber Futures Close Higher

2 Mar 2017 10:57 am
 
   By Lucy Craymer 
 

Asian rubber prices ended Thursday slightly higher across the board, buoyed by general investor optimism.

In addition, natural-rubber futures on the Tokyo exchange received an extra boost as the yen continued to ease against the U.S. dollar.

A rise in Japanese stocks on the back of an overnight rally in equities helped support rubber prices. The Nikkei rose 0.9% to end at 19564.80, its best finish since the year's first session.

"As a result, investors have been buying back," noted Kaname Gokon of Okato Shoji in Tokyo.
 
Asian Rubber Futures 
                        Mar 2               Change from previous close 
 
Tocom    Aug RSS3       Y274.7/Kg           Up Y2.9/Kg 
Shanghai May SCR5       CNY18,760/Ton       Up CNY35/Ton 
Sicom    Apr RSS3       US 244.6 cents/Kg   Up US 1.3 cents/Kg 
Sicom    Apr TSR20      US 212.5 cents/Kg   Up US 2.5 cents/Kg 
 
USS      Mar   THB75.35-THB75.53/Kg          THB74.09-THB74.75/Kg 
 

Write to Lucy Craymer at lucy.craymer@wsj.com, @lucy_craymer
 

(END) Dow Jones Newswires

March 02, 2017 05:57 ET (10:57 GMT)

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