Tokyo Commodity Exchange (TOCOM) rubber futures on Wednesday (May 14) rose for a third day, helped by higher international oil prices up and stocks, but still hovering in the last week hit a four-year low the top.
TOCOM rubber futures contract prices in October rose 0.6 percent on Wednesday to close at 205.5 yen / kg (0020GMT).
Rubber futures price growth is limited, due to market deterioration in the world’s biggest rubber buyer worries China’s economic situation increased, and its release in April of investment, output and demand data is also expected to result in less than the market fears increased.
TOCOM rubber futures fell 25 percent this year, due to China’s economic outlook is bleak suppress the price of rubber, and the Thai government plans to sell the national rubber stocks will further lead to price pressure.
Dow and S & P 500 index on Tuesday closed at record highs, but the Nasdaq composite index continued to decline.
Sanya City in the early weeks, the dollar rose against the yen, rose to a high of 102.37 since more than a week.
Tuesday, U.S. crude oil futures prices rose more than $ 1 / barrel, since a two-week high as U.S. crude inventories last week, slipped to historic lows.
The Nikkei 225 index fell 0.27 percent on Wednesday.
As of May 14 Beijing time 9:58 am, Tokyo Rubber reported 206.1 yen / kg, up 0.59%.
Translated by Google Translator from http://news.cria.org.cn/4/20705.html
