Natural rubber futures on the Tokyo Commodity Exchange rose 3.6% Tuesday, breaching Y285 a kilogram on the back of short covering amid strong physical demand and higher crude oil, trade participants said.
The benchmark July contract traded as high as Y285.2/kg, Y9.8 higher than Monday's settlement.
"After more than a week of selling pressure, traders are now covering their shorts," said a Tokyo-based trading executive.
(Source: irco.biz)
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