TOKYO, Oct 14 (Reuters) – Benchmark TOCOM rubber futures were little changed on Wednesday, supported by overnight strength in Shanghai futures despite worries over economic slowdown in top consumer China.
FUNDAMENTALS
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The Tokyo Commodity Exchange rubber contract for March delivery had fallen 0.2 yen to 174 yen per kg by 0027 GMT, after settling up 0.2 yen on Tuesday.
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The most-active rubber contract on the Shanghai Futures Exchange for January delivery SNRcv1 was up about 1 percent in night trading.
TOCOM Rubber Prices (Trade Date: Oct 14, 2015 – Prices in yen / kilogram)
| Month | Last Settlement Price | Open | High | Low | Current | Change | Volume |
| Oct 2015 | 160.0 | 160.0 | 161.0 | 159.0 | 159.0 | -1.0 | 9 |
| Nov 2015 | 162.0 | 162.3 | 162.3 | 160.0 | 160.0 | -2.0 | 6 |
| Dec 2015 | 165.8 | 166.5 | 166.6 | 164.3 | 164.3 | -1.5 | 17 |
| Jan 2016 | 169.5 | 169.9 | 170.0 | 167.5 | 167.6 | -1.9 | 59 |
| Feb 2016 | 172.0 | 172.5 | 173.0 | 170.4 | 170.5 | -1.5 | 237 |
| Mar 2016 | 174.2 | 175.0 | 175.2 | 172.7 | 173.0 | -1.2 | 2,763 |
| Total | 3,091 | ||||||
MARKET NEWS
The U.S. dollar was quoted around 119.63 yen compared with around 119.72 yen on Tuesday afternoon. FRX/
Japan’s benchmark Nikkei stock average .N225 was down 1.2 percent.
Copper prices slid on Tuesday as mixed trade data revived fears about China’s economy, despite showing a surge in imports of the metal.
Oil prices gave up early gains and closed lower on Tuesday after the International Energy Agency rekindled fears that the market remains over supplied.
DATA/EVENTS (GMT)
The following data is expected on Wednesday: (Time in GMT)
– 0130 China Consumer prices Sep
– 0130 China Producer prices Sep
– 0900 Euro zone Industrial output Aug
– 1230 U.S. Retail sales Sep
– 1400 U.S. Business inventories Aug
(Reporting by Osamu Tsukimori; Editing by Joseph Radford)
