TOKYO—World rubber futures pricing "inched up" on all major rubber exchanges during the trading week ended Feb. 24, Japan's JPX has reported.
The trend, it said, reflected optimism about a potential rebound in vehicle sales in China over the coming months, which could signal recovery in the powerhouse economy.
In Japan, rubber futures increased by 0.3 percent with quiet transactions on the Osaka exchange, according to the latest Feb. 27 JPX report.
Gains were more marked in China, where SHFE futures "added 0.5 percent due to mostly short-covering trading, while INE futures closed 2.2 percent higher under speculative buying."
In Singapore, meanwhile, SICOM futures increased 2 percent in generally quiet trading, according to the trading review.
In summary, JPX said that "market sentiment (had) slightly improved, but prices moved within a tight range without showing clear direction."
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