Tokyo Commodity Exchange (TOCOM) rubber futures on Monday (May 26) in early to rise, because the world’s largest buyer of Chinese rubber and rubber stocks dropped on the Japanese stock market to boost upstream rubber market to buy atmosphere.
TOCOM rubber futures contract prices in October rose 0.5 percent on Monday to close at 204.8 yen / kg (0010GMT), but it fell 0.2 yen on Friday.
Shanghai Futures Exchange said on Friday that the Exchange rubber inventories fell 2.3 percent from the previous week, the lowest level since November 2013.
Chinese customs officials said on Friday, China May trade situation may further turn for the better, because the Chinese government began to implement policies to stimulate the economy.
Li Keqiang said during a speech on Friday, the Chinese economy still face greater downward pressure, so timely policy stimulus is necessary.
Asian city early Monday, the dollar was at 101.99 yen against the yen, hovering in the high one week and a half since Friday touched.
On Monday, the Nikkei 225 index rose 0.7 percent, helped by U.S. stocks on Friday rose to a record high.
U.S. stocks rose on Friday, Brent crude oil futures, helped by tensions in Ukraine and Libya’s oil exports, in addition, the world’s two largest economies, China and the bullish U.S. economic data.
As the morning Beijing time on May 26, Tokyo rubber reported 206.3 yen / kg, up 0.98 percent.
Translated by Google Translator from http://news.cria.org.cn/4/20927.html
