Tokyo Commodity Exchange (TOCOM) rubber futures on Thursday (July 31) increases, its price this week is expected to be recorded in the monthly increase, due to Japanese stocks upward to offset the impact of international crude oil prices brought about.
TOCOM rubber futures contract prices in January rose 1.3 yen on Thursday, at 212.7 yen / kg (0019GMT), its price is expected to be recorded in the month rose 1 percent.
TOCOM rubber futures prices fell 1.4 yen on Wednesday.
America’s largest tire maker Goodyear Tire & Rubber Co., Ltd. (GoodyearTire & RubberCo) said Wednesday that its second-quarter revenue fell short of expectations, due to automobile tires in North America and Latin America, sales fell.
Traders said Wednesday, a small part of the stock rubber at a higher price this week, TOCOM rubber contract benchmark price rise, but the world’s largest rubber buyers China on the sidelines, while Muslim holidays also weighed on the rubber market to buy atmosphere.
Federal Reserve (FED) on Wednesday reiterated that although the United States raised its economic assessment, U.S. inflation in line with expectations, but it is currently not in a hurry to raise interest rates.
Japan factory output in July due to hit the lowest level since 2011, and last week the country’s exports unexpectedly fell in July, which may lead to the implementation of quantitative easing monetary policy the Bank of Japan.
Asian city early Thursday, the dollar fell against the yen at about 102.81 yen, its three-week high of four months rose.
Thursday, the Nikkei 225 index rose for a fifth day, Change 0.6%.
Crude oil futures prices choppy trading on Wednesday, where Brent crude oil futures prices led the declines, due to ample supply of crude oil in Europe and Asia, the United States crude oil futures prices are lower, but the country’s crude oil inventories fell more than expected in the market.
As of July 31 morning Beijing time 10:31 minutes, Tokyo Rubber reported 210.2 yen / kg, up 0.38 percent.
Translated by Google Translator from http://news.cria.org.cn/4/22365.html
