TOKYO, May 19 (Reuters) – Key TOCOM rubber futures rosenearly 1 percent on Monday, holding above the psychological 200yen level, as a rise in oil prices and a decline in Shanghairubber inventories provided support.
FUNDAMENTALS
* The key Tokyo Commodity Exchange rubber contract forOctober delivery traded 1.7 yen higher at201.7 yen as of 0005 GMT. The contract rose 0.9 percent lastweek.
* Rubber inventories in warehouses monitored by the ShanghaiFutures Exchange fell 2.3 percent from last Friday, the exchangesaid on Friday.
* Growth in average new home prices in China slowed to anear one-year low in April, official data showed on Sunday,adding to concerns about the weakness of the property market andwhat policymakers can do if prices start to fall too sharply.
TOCOM Rubber Futures Prices on Monday, May 19, 2014 (yen/kilogram
| Month | Last Settlement Price | Open | High | Low | Current | Change | Volume |
| May 2014 | 190.0 | 192.0 | 197.8 | 190.7 | 197.8 | +7.8 | 11 |
| Jun 2014 | 193.8 | 193.8 | 199.5 | 193.8 | 198.7 | +4.9 | 173 |
| Jul 2014 | 196.4 | 196.3 | 202.5 | 196.3 | 202.0 | +5.6 | 170 |
| Aug 2014 | 197.5 | 198.8 | 204.0 | 198.4 | 203.7 | +6.2 | 178 |
| Sep 2014 | 199.4 | 200.1 | 206.6 | 200.0 | 206.0 | +6.6 | 1,350 |
| Oct 2014 | 200.0 | 200.8 | 208.4 | 200.5 | 207.0 | +7.0 | 9,108 |
| Total | 10,990 | ||||||
MARKET NEWS
* U.S. stocks ended higher on Friday in a late-day reboundas small-cap names edged up after recent weakness and consumerdiscretionary shares advanced.
* The greenback fetched 101.54 on Monday, not farfrom a two-month low of 101.31 set on Thursday.
* Brent crude oil rose on Friday to end nearly 2 percenthigher on the week, boosted by concerns over output in Libya,where recently opened fields were closed again and clasheserupted in the east.
* Japan’s Nikkei share average was up 0.23 percent.
DATA EVENTS
* No key data is expected on Monday.
(Reporting by Osamu Tsukimori; Editing by Ed Davies)
– Reuters
