TOKYO—Global rubber futures ended the last trading week higher across all major exchanges as buying interest returned, Japan Exchange Group (JPX) reported.
In Osaka, OSE rubber closed 0.7-percent higher in a shortened week, while on China's SHFE and INE exchanges, rubber advanced 1.8 percent and 1.5 percent. On Singapore's SICOM rubber rose 1.5 percent.
"Sentiment improved after the Trump administration extended a 90-day delay on higher tariffs on Chinese goods related to purchases of Russian oil," JPX said in its weekly report Aug. 18.
Prices were further supported by expectations of additional stimulus from Beijing following softer economic data, according to the report. These figures included July Industrial Production at 5.7 percent, slower retail sales growth of 3.7 percent, and an uptick in the unemployment rate to 5.2 percent.
Concerns over raw material shortages in Thailand after heavy rains and flooding also added to the bullish tone, JPX said.
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