Tokyo Commodity Exchange (TOCOM) rubber futures on Tuesday (May 13) rose for a third day, and a strong rise in international oil prices aided by the weak yen, as well as the market for the world’s largest rubber producer Thailand plans to sell rubber stocks worries eased.
TOCOM rubber futures contract prices in October rose 1.3 yen on Tuesday, at 204.2 yen / kg (0034GMT), in early morning trading the contract price had risen to 205.0 yen / kg, the highest position since May 7.
Last week, the Thai government plans to sell 200,000 tons of rubber stocks countries, leading to its price was slipped to the lowest level in more than four years, but the rubber futures prices have gradually picked up this week as traders said the market for the Thai government to sell rubber stocks worries remission.
China bank credit in late April and weak levels of total social financing, but the money supply rebounded slightly, indicating that China’s central bank at the time of the introduction of measures to promote economic growth in China, is more cautious.
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USDJPY rose slightly on Tuesday, at 102.20.
U.S. crude oil futures prices rose on Monday, due to the situation in Ukraine warming, the EU sanctions on Russia to increase, leading to increase in the region’s oil and gas market supply concerns.
The Nikkei 225 index rose 1.90 percent on Tuesday.
As of May 13 morning Beijing time 10:01 min, Tokyo Rubber reported 204.7 yen / kg, up 0.89 percent.
Translated by Google Translator from http://news.cria.org.cn/4/20682.html
