Tokyo Commodity Exchange (TOCOM) rubber (14445, -5.00, -0.03%) futures on Wednesday (May 21) to recover some lost ground the previous day, helped by increased exports to Japan and the international oil prices up, but the market for China demand worries increased restrictions on plastic rose.
TOCOM rubber futures September contract rose 0.4 yen on Wednesday, at 203.8 yen / kg (0022GMT), but it was down 3.1 yen on Tuesday.
Japanese Finance Ministry data released on Wednesday showed Japan’s April exports grew by 5.1%, higher than the research institutions to be 4.8 percent economists opinion polls.
An industry body said on Tuesday, rubber prices hovering around for many years may be short-term low involvement in the market for Chinese economic slowdown worries and the Thai government plans to increase exports of its massive rubber stocks.
A senior official of the Ministry of Commerce said China’s trade objectives may not be achieved this year, due to increased domestic labor costs and weak international demand hurt China’s economic growth engine.
Federal Reserve (FED) is a senior official said, FED should begin to slow down hike in QE, while the U.S. economy due to the increase of inflation in the recovery process.
Sanya City in the early weeks, USDJPY traded at 101.32 yen, close to the lowest level since early February 101.10 hit on Monday.
The Nikkei 225 index fell 0.3 percent on Wednesday, as U.S. stocks fell on Tuesday weighed Japanese stocks atmosphere.
U.S. crude oil futures rose in early weeks of Sanya City, Libyan crude oil supply disruption and U.S. crude oil inventories continued to decline.
As at Beijing at 10:25 am on May 21, Tokyo rubber reported 204.3 yen / kg, up 0.44 percent.
Translated by Google Translator from http://news.cria.org.cn/4/20845.html
