By Reuters
Japanese rubber futures ended daytime trade higher on Monday, driven by Thailand weather concerns and expectations of stimulus in China, although gains were limited by a sluggish outlook for tyre demand.
The Osaka Exchange (OSE) rubber contract for December delivery gained 0.4 yen, or 0.13%, to 317.7 yen ($2.16) per kg.
The rubber contract on the Shanghai Futures Exchange (SHFE) for September delivery fell 25 yuan, or 0.17%, to 14,360 yuan ($2,003.12) per metric ton.
The most active August butadiene rubber contract on the SHFE rose 20 yuan, or 0.17%, to 11,625 yuan ($1,621.61) per metric ton.
Top rubber producer Thailand鈥檚 meteorological agency warned of heavy rains and accumulations that may cause flash floods and overflows from July 19-20.
In addition to severe weather conditions, higher crude oil prices and expectations of potential new economic stimulus measures in China also provided support to rubber markets, Japan Exchange Group said.
Japanese rubber futures extend rally on weather woes