According to Tokyo on November 13, TOCOM rubber futures hit a two-month high on the previous day Tuesday to rise, following the stock market rally, or hysteresis global demand worries restrictions.
0010 GMT, indicators TOCOM rubber futures rose 0.9 yen to 245.2 yen per kilogram. The indicator day before the contract was down 0.9%, fell as 241.8 yen, the lowest level since September 14.
“Financial cliff” worries the United States will be implemented as planned next year to cut public spending and raise taxes to limit or, because of its the material hurt global economic growth, investors are cautious.
Rubber futures rally is also subject to industry data support. The data released Monday by the Japan Rubber Trade Association (Rubber Trade Association of Japan), as of October 31, the Japan natural rubber stocks totaled 5,833 tons, a decrease of 6.6% compared to 6,244 tons as of Oct. 20.
Earlier this month, the rubber stocks fell to two-year lows – 5,706 tons.
Rose slightly Nikkei share index in early trade on Tuesday, after six consecutive decline, but concerns about the U.S. fiscal cliff or restrictions or.
Euro against the dollar on Monday were little changed, hovering near two-month low touched in the near future, thin trading, to help pay debt there is still uncertainty whether Greece will get a new round of bailout funds.
Crude oil prices slipped Monday in choppy trading, the market is affected by concerns about the drag of America’s fiscal problems, geopolitical tensions and Chinese oil demand is strong support.
Source: CRIA
