Tokyo Commodity Exchange (TOCOM) rubber futures on Monday (April 21) hit a four and a half years low, because Japan’s exports in March fell short of expectations and market demand in China for the world’s biggest rubber buyer anxiety increased.
TOCOM rubber futures contract prices in September fell 2.2 yen at 204.2 yen / kg (0033GMT), earlier hit an intraday 202.5 yen / kg, the lowest level since 2009.
TOCOM rubber contract prices fell 8.5 percent on Friday.
Japanese Finance Ministry data released on Monday showed that Japan’s exports in March rose 1.8 percent, lower than the previous forecast of 6.3% in opinion polls.
Data released on Friday showed China March house price index fell to 8-month low.
Shanghai Futures Exchange said on Friday, the dealer rubber stocks fell 2.2 percent last week.
U.S. auto giant General Electric Company plans to invest $ 12 billion in the Chinese market in the years between 2014 -2017, with more factories have been built to cope with the huge Chinese market, competitive pressure.
Asian city early Monday, USDJPY traded at 102.58 yen, hovering in the past two and a half high, Japan’s exports less than expected in March.
The Nikkei 225 index rose 0.5% in Monday’s trading session.
U.S. crude oil futures rose in early trade on Monday $ 104 / barrel or more, due to tensions in Ukraine, in addition, return to the market after investors holidays.
As at Beijing at 9:48 on April 21, Tokyo rubber reported 202.2 yen / kg, down 2.03 percent.
Translated by Google Translator from http://market.cria.org.cn/4/20332.html
