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Rubber rises on May 27

Tokyo Commodity Exchange (TOCOM) futures rose on Monday, following Shanghai prices, with the contract for October delivery closing at 192.3 yen per kg, up 0.5 yen, or 0.3% TOCOM's rubber contract for May delivery expired on Monday, after rising 3 yen, or 1.4%, to end at 212 yen per kg. The most-active rubber contract on the Shanghai futures exchange, for September delivery, traded at 11,845 yuan, up 80 yuan, or 0.7%.

The US dollar was quoted around 109.53 yen, compared with around 109.29 yen on Friday afternoon. Oil prices were mixed with Brent gaining 0.1% and US crude down by 0.4%. Japan's benchmark Nikkei stock average closed 0.3% higher. TOCOM's technically specified rubber (TSR) 20 futures contract for November delivery finished unchanged at 161.7 yen per kg. The front-month rubber contract on Singapore's SICOM exchange for June delivery traded at 153.8 US cents per kg, up 0.3%.

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