Tokyo Commodity Exchange at the beginning (TOCOM) rubber futures fell more than a week on Monday lowest disc, because China’s exports unexpectedly decline, resulting in the world’s largest market for rubber buyers China slowdown worries increased.
TOCOM rubber early August contract fell 8.4 yen Monday plate at 222.8 yen / kg (0026GMT), fell to an intraday low of 221.5 yen / kg. The contract closed on Friday to 2.1 yen.
Data Saturday (March 8) showed that China’s exports in February unexpectedly lower trade deficit, leading the market for the world’s second largest economy, China’s economic slowdown worries increased.
Shanghai Futures Exchange on Friday (March 7) said its rubber inventories fell 3.2 percent from the previous week.
Rubber Association of Japan data released on Friday showed that as of February 28, the Japanese ports of natural rubber stocks at 21,456 tons, up 3.2% increase over the ten days ago.
Asian city early Monday, the yen rose against the dollar at around 103.21 yen, because the Chinese market for its weak economic data renewed fears of economic slowdown.
The Nikkei 225 index fell 0.6 percent on Monday, falling unexpectedly due to a stronger yen and Japan’s major trading partners, China’s exports to suppress the Japanese stock market sentiment.
U.S. crude on Friday (March 7) rose more than a dollar / barrel, because Russia and the Western powers did not agree on the issue of Ukraine, the situation in Ukraine led to further tension and U.S. employment growth accelerated index.
As of March 10 morning Beijing time 10:28, Tokyo Rubber reported 224.0 yen / kg, down 3.11 percent.
Translated by Google Translator from http://news.cria.org.cn/4/19584.html
