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Wednesday, August 17, 2022

TOCOM rubber futures rose on October 20, due to the weak yen

Tokyo Commodity Exchange (TOCOM) rubber (12745, 5.00, 0.04%) futures prices on Monday (October 20) rose more than 3 percent in early trade, hit a one-month high, boosted by the yen lower, while the Thai government issued measures to aid the country’s rubber farmers and push prices upward of glue.

TOCOM rubber futures contract prices in March rose 5.1 yen on Monday, at 194.1 yen / kg (0019GMT), which earlier hit a high price since Sept. 18, at 195.4 yen / kg.

Thailand’s government has introduced a series of measures to assist farmers glue, rubber futures prices fell due to lower prior years since, it has also led to the two exchanges in Tokyo and Shanghai rubber futures prices rose as much as 5 percent on Friday.

Asian city early Monday, the dollar against the yen upward, at about 107.10 yen, because the United States retail sales data is better, boosted market sentiment.

The Nikkei 225 index rose 2.6 percent on Monday.

International oil prices rose on Monday continuation of last week, continue upward.

As Beijing October 20 at 11:05 am, Tokyo Rubber reported 192.1 yen / kg, up 1.64 percent.

Translated by Google Translator from http://market.cria.org.cn/20/24008.html

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