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Sunday, October 24, 2021

TOCOM rubber futures fell on July 10, as international oil prices downward

Tokyo Commodity Exchange (TOCOM) rubber futures on Thursday (July 10) slipped to 200 yen / kg this important price, due to the global crude oil prices and Japan’s core machinery orders fell in May led to further pressure on rubber prices down.

TOCOM rubber futures contract prices in December fell 0.6 yen on Thursday, at 201.5 yen / kg (0044GMT), the price was down 1.9 yen on Wednesday.

Japan’s core machinery orders in May, the biggest monthly decline in the number of invasive history, want to quickly dispel the market for Japan’s economic recovery, the market earlier that, with the country’s capital spending growth, economic recovery is likely to accelerate.

Minutes of the Fed’s policy meeting report (FED) released show that it has started on how to have a plan to exit quantitative easing monetary policy, it also shows that FED will likely meeting at the end of October this year after debt purchase plan, and its interior to the future interest rate question basic agreement.

China June consumer price index (CPI) fell slightly, indicating that the Chinese economy is still relatively weak, it may also prompted the Chinese government introduced new measures to stimulate economic growth.

Asian city early Thursday, the dollar was quoted 101.54 yen, hovering at three-week low hit the top of the week.

The Nikkei 225 index falling 0.1 percent on Thursday, as the core of Japan’s May manufacturing orders fell, Japanese stocks weighed on the market to buy atmosphere.

International oil prices fell on Wednesday, with U.S. crude oil futures prices fell more than $ 1 / barrel, because gasoline demand fell, while Brent crude oil futures prices also fell on Thursday, Libyan crude oil production is expected to increase.

Translated by Google Translator from http://market.cria.org.cn/4/21906.html

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