TOCOM rubber ends up 1.7% on firm Shanghai market

0
154

TOKYO (Nov 13): futures gained 1.7% on Monday, as a bullish Shanghai market improved sentiment, brokers said.

Tokyo Commodity Exchange (TOCOM) futures, which set the tone for tyre in , tend to follow the Chinese market for direction.

The Tokyo Commodity Exchange rubber contract for April delivery finished 3.3 yen higher at 201.9 yen (US$1.78) per kg, after three straight sessions of declines.

The most active rubber contract on the Shanghai futures exchange for January delivery rose 295 yuan to finish at 14,155 yuan (US$2,130) per tonne.

Article continues below Advertisement...

The front-month rubber contract on \’s SICOM exchange for December delivery last traded at 143 U.S. cents per kg, up 0.7 cents.

(US$1 = 113.4300 yen)
(US$1 = 6.6444 Chinese yuan)

LEAVE A REPLY

Please enter your comment!
Please enter your name here