Tokyo Commodity Exchange (TOCOM) rubber futures on Thursday (September 4) down, because there were indications that the Thai government will sell more than half of the rubber stock, which also led to a more ample supply of this market has potential oversupply concerns.
TOCOM rubber futures contract prices in February fell 0.9 yen on Thursday, at 199.2 yen / kg (0026GMT), its price fell 0.1 yen on Wednesday.
A Thai government officials said Wednesday, the military government of Thailand has nearly half of the rubber stock sold to rubber exporters, while it also plans to sell the remaining inventory of rubber in general on the eve of the end of September.
Meeting minutes released on Thursday showed that, despite market concerns inflation target or will be increasingly difficult to achieve, but it is still a huge impact on the economy since the consumption tax increase caused only temporary, the Bank of Japan (BOJ) will maintain the current scale quantitative easing policy.
Data released Wednesday showed U.S. manufacturing new orders in July hit a record high, and the United States in July auto sales growth has accelerated, recorded the highest level of eight and a half years, which also shows the American economic growth will increasingly strong.
Both surveys report released Wednesday shows that China August official non-manufacturing purchasing managers index rebounded in August offset the impact of slower manufacturing expansion brings, but also enhance the confidence of the government to maintain the established policies.
Asian city early Thursday, the dollar against the yen since yesterday’s eight-month high hit decline, reported monthly 104.87 yen.
The Nikkei 225 index fell 0.1 percent on Thursday, as stocks were mostly lower on the previous day.
U.S. Brent crude oil futures prices rose more than $ 2 Wednesday / barrel, due to the situation in Ukraine and stocks eased strong economic data boosted market purchase expectations.
As of September 4 morning Beijing time 10:06, Tokyo Rubber reported 200.0 yen / kg, down 0.05 percent.
Translated by Google Translator from http://news.cria.org.cn/4/23121.html
