Tokyo Commodity Exchange (TOCOM) rubber futures fell to two-week low on Wednesday, as the country of Thailand plans to sell less rubber reserves to meet market demand. But after nearly four days of rest, today’s intraday trading volume of rubber increased.
TOCOM rubber futures contract prices in October fell 4.8 percent in early trade Wednesday, as at 0027GMT, whose prices fell 8.0 yen at 199.3 yen / kg, trading at its lowest level since April 22. In addition, the October contract prices closed higher on Friday 0.1 yen at 207.3 yen / kg.
Deputations rubber farmers in Thailand said Tuesday its opposition to the national government decided to sell 200,000 tonnes of rubber inventory plan, because this plan could further depress rubber prices.
Bank of Japan (BOJ) meeting minutes released on Wednesday showed that the majority of members considered the country’s April consumer spending is still relatively active, although the Government to raise the consumption tax in April.
OECD (OECD) said Tuesday China 2014 economic growth rate will fall to 7.4 percent or less than 7.7 percent last year, because the Chinese government is committed to control credit risk and plant capacity.
The findings of a private investigation agency released this week show that China April manufacturing index declined for four consecutive months, which led to the market as to whether the world’s second largest economy, China’s economy will continue to decline doubt increase.
Sanya City in the early weeks, USDJPY traded at 101.65 yen, up from Tuesday hit a three-week low, due to the deterioration of the situation in Ukraine, the market to hedge currency – yen.
The Nikkei 225 index fell 1.8 percent on Wednesday, dragged down by U.S. stocks fell on Tuesday.
As at Beijing at 9:40 on May 7, Tokyo Rubber reported 199.1 yen / kg, down 3.96 percent.
Translated by Google Translator from http://news.cria.org.cn/4/20567.html
