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Wednesday, January 26, 2022

TOCOM rubber hit a three-week high, yen weak boost

TOCOM rubber hit a three-week high, yen weak boostAccording to Tokyo on November 22, the Tokyo Commodity Exchange (TOCOM) indicators rubber futures on Thursday for the fourth consecutive trading day higher, and hit a three-week high, yen against the weak dollar boosted investor concern will be days slightly Chinese manufacturing data released late to seek clues of global demand.

0026 GMT, TOCOM indicators April rubber futures contract rose 2.1 yen, or 0.82 percent, to 258.8 yen per kilogram. Earlier, the contract touched the highest since November 1 bit per kilogram of 260 yen level. Rubber contract on the week so far TOCOM index has climbed about 4%.

The TOCOM market coincides with the Thanksgiving holiday in Japan were closed on Friday (November 23).

Source: CRIA

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