RUBBER-Japan futures gain on firmer oil prices, demand prospects
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Japanese rubber futures rose for the second session, driven by higher oil prices and improved demand outlook. The Osaka Exchange's June rubber contract increased by 0.8% to 351.7 yen per kg. Similarly, the Shanghai Futures Exchange saw gains in its rubber contracts. Oil prices also rose due to supply concerns from Kazakhstan and Venezuela. Despite a seasonal lull in butadiene rubber demand, prices are expected to remain firm due to favorable export conditions, although declining profitability may limit output increases.
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