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Thursday, October 21, 2021

TOCOM rubber futures on June 19 at three-week high stability

Tokyo Commodity Exchange (TOCOM) rubber (14625, 280.00, 1.95%) futures on Thursday (June 19) steady, steady at near three-week highs, the price the previous day, due to rising international oil prices, to mention Vibration palm oil (5916, 14.00, 0.24%) futures prices.

TOCOM rubber futures November contract price fell 0.1 yen on Thursday at 205.2 yen / kg (0007GMT).

TOCOM rubber futures hit the highest level in early Thursday disc 205.5 yen since May 28 / kg, the price had risen on Wednesday also this price.

On Thursday, the U.S. dollar against the yen at 102.38 yen fell one-week high, fell to 101.85 yen.

Informed sources revealed on Wednesday, Singapore, a rubber processing companies are on the purchase of Indonesian rubber dialogue.

U.S. stocks rose on Wednesday, in which the S & P 500 index closed at record highs, the Federal Reserve (FED) hinted that it might raise interest rates to accelerate the pace.

Early Thursday, the dollar fell against a basket of currencies since the lowest level in nearly two weeks.

United States Brent crude futures rose Thursday’s high of nine months since, due to investor fears of Iraqi crude oil exports, but U.S. crude oil futures prices fell as the government released data showed that U.S. crude oil inventories are expected to decline below the industry body.

As of June 19 Beijing time 10:03 am, Tokyo Rubber reported 210.0 yen / kg, up 2.29%.

Translated by Google Translator from http://news.cria.org.cn/4/21437.html

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