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TOCOM rubber futures rose 22 October, due to international oil prices upward

Tokyo Commodity Exchange (TOCOM) rubber futures prices on Wednesday (October 22) rising international oil prices and the weakening of the yen boosted upward, while the Thai government agreed to provide additional support for the country’s rubber farmers also a period of rising rubber prices provide support.

TOCOM rubber futures contract prices in March rose 1.7 yen on Wednesday, reported 194.0 yen / kg (0050GMT), the price of the previous day to close higher.

The Thai government on Tuesday by offering 58 billion baht (US $ 1.8 billion) aid package to the rubber farmers, due to the global rubber fell to lows.

Chinese carmaker Geely Group is selling more environmentally friendly cars, because the goal is to achieve environmental protection next year the Chinese government will implement efforts.

Japan released today morning trade data boosted market sentiment after data showed Japan’s exports in September grew 6.9%, which also shows that external demand is picking up.

Sanya City in the early weeks of the US dollar against the yen reported about 107.00 yen, compared with Tuesday’s low of 106.25 yen rebounded.

Brent crude oil futures prices rose about 1 percent on Tuesday after data showed better-than-expected demand from China, while the market sell-off after a few days, a technical rebound in crude oil futures prices.

The Nikkei 225 index Sanya City in the early weeks rose 2%, due to increase in US technology stocks gains, the ECB may buy corporate bonds to boost European stock markets.

As at Beijing at 10:13 am on October 22, Tokyo rubber reported 191.8 yen / kg, down 0.31 percent.

Translated by Google Translator from http://news.cria.org.cn/4/24090.html

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