Tokyo Commodity Exchange (TOCOM) rubber futures on Monday (March 31) rose in early trade, but its price is expected to be down more than a quarter of 14% of the world’s biggest rubber buyer weak demand in China involved in the Japanese stock market decline and stronger yen.
TOCOM rubber futures contract on Monday in early September rose 2.0 yen at 235.5 yen / kg (0041GMT), while on Friday (March 28) was down 3.4 yen.
The Japanese government on Monday (March 31) released data showed that Japan’s industrial output in February fell 2.3 percent from the previous month, exceeding market expectations, the highest since the first decline in nearly three months, and it also shows that Japan 4 month before tax increased consumption, factory activity in the country is gradually losing momentum.
Thai parliament to impeach his government will this week Prime Minister Yingluck, but its supporters say it will take all actions to prevent their dismissal, and these supporters are also some militia leaders.
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Shanghai Futures Exchange data released on Friday showed that the rubber stock exchange fell 4.1 percent last week.
Chinese Premier Li Keqiang said that China government measures to boost the economy has been gradually recovering, and the government will take to promote the timely infrastructure development, this initiative is also intended to appease global investor nervousness.
Asian city early Monday, the U.S. dollar higher against the yen at 102.87 yen, the yen due to safe-haven currency market sentiment declined.
The Nikkei 225 index rose 0.8 percent on Monday, as Asian stock market investors believe the Chinese government will introduce measures to stimulate the economy.
U.S. crude oil futures traded on Monday near three-week high, rising to $ 101 / barrel above, helped by tensions in Ukraine and the limited supply of crude oil in Africa.
As at Beijing at 10:41 on March 31, Tokyo rubber reported 235.0 yen / kg, up 0.64 percent.
Translated by Google Translator from http://market.cria.org.cn/4/19980.html
