TOKYO, Oct 11 (Reuters) – Benchmark Tokyo rubber futures ended up 5 percent on Tuesday and touched a five-month high, getting support from firm Shanghai futures and oil prices near one-year highs. The Tokyo Commodity Exchange rubber contract for March delivery JRUc6 0#2JRU: finished 8.6 yen higher at 182.3 yen ($1.77) per kg, after reaching 183 yen earlier, the highest since May 12. “TOCOM’s gains were driven by strong gains by Shanghai futures over the past two days,” said a Tokyo-based dealer.
Shanghai futures also hit a five-month high on Tuesday, extending a 3.5 percent gain on Monday.The most-active rubber contract on the Shanghai futures exchange for January delivery SNRcv1 rose 480 yuan to finish at 14,205 yuan ($2,130) per tonne.
The front-month rubber contract on Singapore’s SICOM exchange for November delivery STFc1 last traded at 152.0 U.S. cents per kg, up 1.7 cent. ($1 = 6.6685 Chinese yuan renminbi) ($1 = 102.9000 yen)
(Reporting by Osamu Tsukimori; Editing by Keith Weir)