Tokyo Commodity Exchange (TOCOM) rubber futures prices on Tuesday (November 11) continuation of the decline in the previous session, continue to decline, because the data show that China’s rubber imports in the world’s second largest economy has declined, the market for Chinese Rubber demand worries increased.
TOCOM rubber futures contract prices in April fell 0.8 yen on Tuesday, reported 198.8 yen / kg (0042GMT), the price of the previous session down 0.6%, due to the yen-dollar lows since 7 years and Chinese rubber imports declined in October .
Chinese rubber imports declined in October, due to seasonal factors and weaker Chinese economy.
China October annual consumer inflation index is still near five-year low of 1.6%, the data further indicate that China’s economic growth is slowing.
French tire maker Michelin said it will be in the next 10 years to expand its business in China more than doubled.
Asia City early Tuesday, the dollar against the yen newspaper 114.95, compared to the previous touched 113.86 rebounded.
The Nikkei 225 index rose on Tuesday, as global stock markets rose on Monday over almost a month since the highest level.
US crude oil futures prices on Monday fell more than $ 1 / bbl from $ 78 / barrel continue to decline, while Brent crude oil futures prices are lower, due to a stronger US dollar offset the impact of the market brought about by the conflict in Libya and Ukraine.
As at Beijing at 10:58 am on November 11, Tokyo rubber reported 198.8 yen / kg, down 0.40 percent.
Translated by Google Translator from http://market.cria.org.cn/4/24433.html
