By Vibhuti Agarwal
Asian rubber prices ended Wednesday's trading session mixed, with stronger Shanghai rubber futures lending support to the rubber market.
The most-active rubber contract on the Shanghai futures exchange for May delivery recovered from earlier losses to settle at 17,975 yuan ($2,585) per ton, up 385 yuan.
Benchmark Tokyo rubber future prices ended flat. The Tokyo Commodity Exchange rubber contract for June delivery finished 0.8 yen lower at 256.4 yen per kilogram.
A weakness in the yen against the U.S. dollar might lift rubber prices in the near-term, traders said.
Asian Rubber Futures
Dec 28 Change from previous close
Tocom Jun RSS3Y256.4/Kg Down Y0.8
Shanghai May SCR5 CNY17,975/ton Up CNY385
Sicom Mar RSS3 223.5 US cents/Kg Down 2.3 US cents/Kg
Sicom Feb TSR20 193.1 US cents/Kg Down 4.2 US cents/Kg
USS Dec THB71.21-THB72.62/Kg THB70.71-THB71.52/Kg
By Vibhuti Agarwal at email@example.com
(END) Dow Jones Newswires
December 28, 2016 05:41 ET (10:41 GMT)
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