Tokyo Commodity Exchange (TOCOM) rubber (15240, 30.00, 0.20%) futures on Thursday (March 20) rose for a second day due to weakening of the yen and Japanese stocks rose, boosted market sentiment purchase.
TOCOM rubber futures contract rose 1.7 yen in August, at 236.9 yen / kg (0026GMT), which closed up 1.6 yen the previous day.
U.S. Federal Reserve (Fed) Main Xi Yelun Wednesday (March 19), said, QE, or will end this fall, and its six months after the end of the Fed may start raising interest rates.
Industry bodies released Wednesday, said some Chinese rubber importer defaults, because the domestic rubber prices fell to multi-year low recently, which also renewed the market for the world’s largest rubber buyers China’s economic growth slowdown worries.
German luxury carmaker BMW is expected to increase its production capacity in the U.S. subsidiary, and will release 12 concept car, because car sales and car sales hit a record high this year, pre-tax profit rose 10%.
Asian city early Thursday, the yen rose against the dollar at 102.38 yen, the Federal Reserve (Fed) Main Xi Yelun hinted that it will raise interest rates.
The Nikkei 225 index to rise 0.2 percent on Thursday, due to the weak yen offset the impact brought by Yellen speech.
United States Brent crude futures fell on Wednesday as the market for Western sanctions against Russia will lead to tight oil supply concerns eased, and U.S. crude oil inventories increased, limiter prices.
As of March 20 Beijing time 9:24 AM, Tokyo Rubber reported 236.0 yen / kg, up 0.34%.
Translated by Google Translator from http://market.cria.org.cn/4/19788.html
