Tokyo Commodity Exchange (TOCOM) rubber futures on Thursday (August 21) hit a one-week high, helped by upward Japanese stocks and the yen weak.
TOCOM rubber futures contract prices in January rose 3.6 yen on Thursday, at 202.9 yen / kg (0016GMT), its highest level since August 12.
TOCOM rubber futures ended higher Wednesday, the benchmark price of 1.4 yen.
Nikkei (NikkeiNewspaper) today reported that the Japanese government is considering the next fiscal year set aside 1 trillion yen stimulus spending to mitigate the impact of the next increase in the consumption tax.
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Rubber Trade Association of Japan data released Wednesday show that as of August 10, the country’s ports rubber stocks 17,505 tons, down 4.7% compared with the previous 10 days.
Federal Reserve (FED) on Wednesday hinted that due to the country’s strong employment data, than expected, FED rate hikes may be earlier than expected.
Thailand’s central bank meeting minutes released Wednesday showed that the country’s economic growth rate this year before might slightly lower than expected, due to the Thai government spending hysteresis.
Asian city early Thursday, the dollar against the yen below the previous day at four-week high hit at 103.75 ,.
The Nikkei 225 index rose for the ninth consecutive day on Thursday, an increase of 0.5%, due to the weak yen to boost exports atmosphere.
U.S. crude oil futures prices Wednesday intraday volatility, due in September contracts expire and government data showed U.S. crude inventories dropped last week.
As Beijing August 21 9:45 am, Tokyo Rubber reported 199.8 yen / kg, up 1.16 percent.
Translated by Google Translator from http://market.cria.org.cn/20/22821.html
