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Thursday, May 26, 2022

TOCOM rubber futures rose on June 6, but the increase in demand for its worries

Tokyo Commodity Exchange (TOCOM) rubber futures on Friday (June 6) to rise, but its price is expected to be recorded this week, the second weekly decline amid worries increased demand for rubber, rubber market weighed on sentiment purchase .

TOCOM rubber futures contract prices in November rose 1.6 yen on Friday, at 193.0 yen / kg (00187GMT), the contract is expected to fall 2.8 percent this week.

TOCOM rubber futures contract prices fell on Thursday, November 2 yen, after hitting an intraday low of more than four years since, as of now, TOCOM rubber futures prices have dropped nearly 30%.

Thai political crisis, and the lack of rubber stocks increased funding to allow Southeast Asian rubber-producing countries to increase the pressure, which led them to take action to reduce the likelihood of gum out of the low prices since many years.

Polls released by research firm, due to strong domestic demand, China’s economic growth steady recovery in May, which, export, factory output and retail have some growth.

The European Central Bank (ECB) on Thursday lowered its interest rate to a record low, and decided to take a series of measures to promote the euro zone monetary policy emerge from the current downturn in economic conditions.

Asian city early Friday, USDJPY traded at 102.40, compared to the previous week fell sharply hit a one-month high.

The Nikkei 225 index up 0.1% on Friday, U.S. stocks closed higher on Thursday.

Brent crude oil futures prices on Thursday U.S. stocks shock upstream.

As Beijing June 6 10:38 am, Tokyo Rubber reported 182.5 yen / kg, up 0.57%.

Translated by Google Translator from http://market.cria.org.cn/4/21152.html

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