RUBBER-Japan futures gain as adverse weather threatens supply
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Japanese rubber futures rose on January 16, recovering from previous losses due to adverse weather in Thailand and Indonesia threatening supply. The Osaka Exchange rubber contract for June delivery increased by 2.3 yen to 356.4 yen per kg, marking a potential sixth consecutive weekly gain. Meanwhile, the Shanghai Futures Exchange saw a slight decline in rubber prices. Weather warnings in Thailand and Indonesia are expected to tighten supply, leading to cautious selling among processors and supporting rubber prices.
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