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TOCOM rubber futures rose on October 17-week high, due to the weak yen

Tokyo Commodity Exchange (TOCOM) rubber futures on Friday (October 17) rebounded, rising to one-week high, due to weakening of the yen, while rubber futures prices this week, the biggest weekly gain since the material will be recorded in four months.

TOCOM rubber futures contract prices in March rose 6.8 yen on Friday, at 189.3 yen / kg (0043GMT), early plate after hitting its highest level price intraday since Sept. 19, at 191.0 yen / kg.

United States early last week for unemployment benefits fell to a low of 14 years, while the substantial growth in industrial output in the United States in September, upbeat economic data will also ease market concerns on the global economy early.

Rubber futures prices fell due to the global five-year low, the Thai government on Thursday enacted some kind of measures designed to help rubber farmers through the current difficult situation, but some glue on the promotion of agricultural policy leaders believe rubber prices upward of little help.

The Chinese government said Thursday it will increase the limit on car manufacturers in terms of vehicle production, and to ask their 15-year factory car auto fuel standards to be met.

USDJPY rose as U.S. economic data, global economic growth to ease market concerns.

The Nikkei 225 index rose 0.3 percent on Friday, helped by the weak yen.

International oil prices rose on Thursday after data showed U.S. gasoline supplies tight.

As of October 17 morning Beijing time 10:03, Tokyo Rubber reported 188.8 yen / kg, up 3.45 percent.

Translated by Google Translator from http://market.cria.org.cn/20/23964.html

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