Home Global rubber market news Tocom Rubber Settles Higher on China Data, Weaker Yen (July 16)

Tocom Rubber Settles Higher on China Data, Weaker Yen (July 16)

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Tocom rubber futures settle 0.7% higher on better-than-expected growth data from China and a weaker yen against the U.S. dollar. Trading volumes are low with just about 5,000 lots changing hands, reflecting a lack of interest in a weak market.

A Singapore-based trader says Tocom is likely to track Shanghai in the short-term, as Chinese growth is key for rubber markets. Benchmark December settles Y1.4 higher at Y199.4/kg, after moving in a narrow Y197.3-Y199.7/kg range.

Source: Dow Jones

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