By Vibhuti Agarwal
Rubber prices across Asian markets ended stronger on Thursday as traders covered short positions.
An improvement in rubber demand in international markets, especially in China, the biggest buyer, is expected to support prices in the coming months, said Kaname Gokon, an analyst at Okato Shoji brokerage in Tokyo.
The Tocom June rubber futures contract ended up 4.6 yen ($2.24) at Y261 a kilogram.
The most active rubber contract on the Shanghai futures exchange for May delivery rose 10 yuan to settle at 17,985 yuan ($2,586) per ton.
Asian Rubber Futures
Dec 29 Change from previous close
Tocom Jun RSS3 Y261.0/Kg Up Y4.6
Shanghai May SCR5CNY17,985/ton Up CNY10
Sicom Jan RSS3 223.0 US cents/Kg Up 4.0 US cents/Kg
Sicom Mar TSR20 199.6 US cents/Kg Up 5.8 US cents/Kg
USS Dec THB71.82-THB72.52/Kg THB71.21-THB72.62/Kg
Write to Vibhuti Agarwal at firstname.lastname@example.org
(END) Dow Jones Newswires
December 29, 2016 05:37 ET (10:37 GMT)
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