Tokyo Commodity Exchange (TOCOM) rubber futures on Monday (December 15) continue to rise, because the Thai government plans to spend about $ 180 million to buy rubber, pushing prices upward of plastic, but its price up is limited, due to the stronger yen.
TOCOM rubber futures contract prices in May rose 0.6 percent on Monday, reported 196.5 yen / kg (0018GMT), the price closed higher on Friday, 4.9 yen.
Deputy Minister of Agriculture of Thailand said on Friday, the Thai government plans to spend $ 183 million purchase of rubber, but also some domestic companies to buy rubber, designed to promote upward price of rubber.
Shanghai Futures Exchange said on Friday the exchange rubber inventories rose 5.7 percent last week from the previous week.
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As at Beijing December 15 at 10:35 am, Tokyo rubber reported 200.9 yen / kg, up 2.55 percent.
Translated by Google Translator from http://news.cria.org.cn/4/24931.html
