Tokyo Commodity Exchange (TOCOM) rubber futures on Friday (August 29) lower their prices this month is expected to be recorded the largest monthly decline since April, due to oversupply and the copper market for the world’s largest copper Buyers China’s economic growth worries increased.
TOCOM rubber futures contract prices in February fell 1.2 yen on Friday, at 198.4 yen / kg (0010GMT), its price in August is expected to decline 6.5%.
TOCOM rubber futures contract benchmark prices fell 0.5 percent on Thursday.
METI data released today showed that Japan’s July industrial production rose less than expected, an increase of 0.2%, while its June recorded the largest decline since March 2011 earthquake.
Traders on Thursday (August 28), said Thailand, Indonesia and Malaysia this week to increase tire grade rubber shipment volume, but not to increase exports TOCOM rubber futures prices provide support.
Polls research firm released Thursday showed that Chinese manufacturing expanded in August speed may slow down due to weak demand, which also prompted the Chinese government or to take the necessary measures to keep the economy growth.
American economy picked up speed in the second quarter exceeded market expectations, due to increased domestic demand, the market is also more optimistic about the U.S. economic outlook.
Asian city early Friday, the dollar fell against the yen at 103.72, due to the deterioration of the situation in Ukraine, investors buy the yen this into the safe-haven currency.
The Nikkei 225 index fell 0.1 percent on Friday.
U.S. Brent crude oil futures prices lower, but the United States crude oil futures prices up, due to ample supplies and weak demand weighed on the market to buy the atmosphere, but the United States economic data provide strong support for the crude oil futures prices.
As of August 29 morning Beijing time 10:33, Tokyo Rubber reported 198.3 yen / kg, down 0.65 percent.
Translated by Google Translator from http://market.cria.org.cn/20/22998.html
