Tokyo Commodity Exchange (TOCOM) rubber (15700, -15.00, -0.10%) futures on Wednesday (April 9) pared some gains the previous day, due to the strong yen and the Japanese stock market volatility overnight rise in crude oil prices offset lower To support soft commodities offer.
TOCOM rubber futures contract prices beginning in September fell 1.0 yen Wednesday disk at 224.4 yen / kg (0010GMT), while its closed 4.2 yen on Tuesday.
Thai Agriculture Ministry said Tuesday that the country’s recent hot and dry weather is expected to lead to rice and rubber production declined, reducing its export income, which will also bring political instability, slow economic growth in Thailand has brought new pressures.
Vietnam Rubber Park, large-scale afforestation and land acquisition for several years, the rapid growth of its rubber plantation area, Vietnam Rubber production also jumped to third in the world.
IMF (TheInternationalMonetaryFund) Tuesday predicted that next year the global economic recovery will accelerate due to recovery in industrial output in developed countries, but also stressed its increased economic growth in emerging market risk.
Sanya City in the early weeks, USDJPY traded at 101.95 yen.
By the beginning of the disk 225 index fell 1 percent on Wednesday, due to the strong yen led to the country’s exports under pressure.
U.S. crude oil futures prices rose more than 2 percent Tuesday as the dollar weakened and U.S. domestic crude oil inventories fell.
As Beijing April 9 9:57 am, Tokyo Rubber reported 224.9 yen / kg, down 0.22 percent.
Translated by Google Translator from http://news.cria.org.cn/4/20130.html
