Natural rubber futures on the Tokyo Commodity Exchange rose 3.8% in early trade Thursday, hitting their first upper limit for the second successive day due to speculative buying by funds on expectations of higher Chinese demand, said trade participants.
The benchmark Tocom May RSS3 contract traded Y10 higher at Y273.8 a kilogram, a level not seen since late September last year.
An overnight rise in crude oil also supported natural rubber prices.
(Source: irco.biz)
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