According to Tokyo on January 28, TOCOM rubber futures on Monday fell slightly cautious due to investor demand for the world’s largest rubber consumer countries – China, after a weaker yen brought breakthroughs in the recent rally failed to boost rubber prices high.
0020 GMT, TOCOM indicators for June glue down 0.8 yen to 310.8 yen per kilogram.
Later become the main contract July glue reported 314 yen per kilogram, opened at 316.3 yen.
January 11th weaker yen boosted the TOCOM market rose to nine-month high – 321 yen.
China’s National Bureau of Statistics announced on Sunday in the month of December 2012, a profit of 895.2 billion yuan, a year-on-year growth of 17.3%. But the December profit growth declined compared to 22.8% in November.
The data released Friday by the Shanghai Futures Exchange recorded the biggest weekly decline in nine months, since the the Shanghai rubber stocks rose to a record high in November. Traders said the stock decline largely due to the warehouse system forced some manufacturers to reduce inventory.
Japan’s Nikkei index opened higher on Monday, touching 11,000 points at the top a 32-month high. Benefited from the yen weakening and U.S. stocks rose strongly on Friday. Nikkei rose rapidly shrinking earnings announcement, as investors wait for the domestic enterprises to find the clues.
Euro against the dollar on Monday by the support near 11-month highs, as more signs that the recovery in confidence in the European economy, the Japanese yen against the U.S. dollar fell to two-and-a-half years low, widely expected, the Bank of Japan will release more monetary easing.
Crude oil prices steady fall Friday, traders took profits. The previous major economies posting strong data, market optimism the global economic constitution warming, support the market to hold onto this week increases.
Translated by Google Translator from http://news.cria.org.cn/4/12710.html
