Benchmark Tokyo rubber futures ended up 0.4% on Wednesday, supported by a weaker yen against the dollar and slight gains in Shanghai futures.
Tokyo Commodity Exchange (TOCOM) futures, which set the tone for tyre rubber prices in Southeast Asia, are trading near a two-week high hit on Monday, up around 5% from late last month, when Asia's top rubber producers agreed to cut exports of natural rubber in a bid to address declining global prices.
The Tokyo Commodity Exchange rubber contract for May delivery finished 0.9 yen higher at 207.9 yen (US$1.84) per kg.
The most-active rubber contract on the Shanghai futures exchange for May delivery rose 60 yuan to finish at 14,470 yuan (US$2,198) per tonne.
The dollar was supported on Wednesday by expectations that the Trump administration's tax reforms would pass through Congress. A weaker yen makes commodities denominated in the Japanese currency cheaper for holders of other currencies.
The front-month rubber contract on Singapore's SICOM exchange for January delivery last traded at 144.50 US cents per kg, down 0.7 cent.
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