Benchmark TOCOM rubber futures rose to their highest in nearly three months on Thursday, boosted by an overnight jump in Shanghai futures and by hopes for measures by producer countries to help bolster prices.
FUNDAMENTALS
* The Tokyo Commodity Exchange (TOCOM) rubber contract for January delivery was up 4.4 yen, or 2.1 percent, at 218.7 yen ($1.99) per kg at 0032 GMT. It touched its highest since May 26 at 218.9 yen earlier in the session.
* The most-active rubber contract on the Shanghai Futures Exchange, for January delivery, rose 440 yuan to 16,695 yuan ($2,496) per tonne in overnight trade.
* Asia's top rubber producers will meet in Thailand in September, an official at Thailand's rubber authority said on Wednesday, with export curbs to help boost prices likely to be on the agenda.
* U.S. Federal Reserve policymakers appeared increasingly wary about recent weak inflation and some called for halting interest rate hikes until it was clear the trend was transitory, according to the minutes of the U.S. central bank's last policy meeting.
MARKET NEWS
* Oil prices fell more than 1 percent on Wednesday even though U.S. crude stockpiles declined by the most in a year, as data suggesting domestic production was edging higher stoked worries about the global crude glut.
* The U.S. dollar fell 0.45 percent against the yen to 110.17 yen after the release of the Fed minutes that showed worries about low inflation. It traded at 110.02 yen in early Thursday trade in Asia.
* Japan's benchmark Nikkei stock average was little changed on Thursday despite a gain in U.S. stocks.
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