Tokyo Commodity Exchange (TOCOM) rubber futures on Wednesday (March 19) rose in early trade to 235 yen / ton over, because the Japanese stock market and the strong rise in crude oil prices overnight boosted sentiment on the market to buy gum.
TOCOM rubber futures contract rose 2.2 yen in August, at 235.8 yen / kg (0017GMT), and its resumption 0.7 yen on Tuesday.
Japan’s Finance Ministry on Wednesday (March 19) released data showed that Japan’s exports in February rose 9.8% compared to the previous rebounded during the Chinese news.
Rubber Trade Association of Japan (RubberTradeAssociationofJapan) data released on Tuesday showed that as March 10, the Japanese port stocks of natural rubber was 22,056 tonnes, up 2.8 percent over the ten days ago.
U.S. Federal Reserve (Fed) is expected to further reduce the size of the monthly debt purchase $ 10 billion, which would also change the nature of its forward-looking guidance will be released on Wednesday evening Policy Statement
Sanya City in the early weeks, the yen against the dollar almost flat at around 101.45 yen, as the market await Fed policy statement.
The Nikkei 225 index rose 0.5 percent on Wednesday due to Putin’s speech to ease tensions in the Ukrainian market worries, U.S. stocks rose overnight.
As of March 19 morning Beijing time 10:03 min, Tokyo Rubber reported 235.4 yen / kg, up 0.81 percent.
Translated by Google Translator from http://market.cria.org.cn/4/19760.html
