Prices closed higher on Thursday, boosted by expansion data from China's manufacturing sector.
The price of rubber for delivery in February 2018, the most active contract on the Tokyo Commodity Exchange (Tocom), closed up 1.16% or 2.50 points to 218.60 yen per kilogram (kg).
Previously, rubber prices opened with a 0.14% increase or 0.30 points at 216.40 yen per kg position, after trading on Wednesday (30/8) ended up 0.28% at 216.10 position.
Based on National Bureau of Statistics (NBS) data, the manufacturing purchasing managers index (PMI) rose to 51.7 in August.
The PMI figure is higher than the median forecast of economists in a Bloomberg survey of 51.3 and a PMI figure of 51.4 in July.
China's non-manufacturing PMI fell to 53.4 in August compared with 54.5 in the previous month. Even so, numbers above level 50 still show growth.
Naohiro Niimura from Market Risk Advisory said China's better-than-expected manufacturing PMI raises optimism that demand for rubber will improve.
"The weakening of the yen and the rise of the Nikkei index also gave a boost," said Niimura, as quoted by Bloomberg.
Japan's yen exchange rate was down 0.22% or 0.24 points to 110.48 yen per US dollar at 14.22 WIB.
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