Tokyo Commodity Exchange (TOCOM) rubber (12440, -55.00, -0.44%) futures Thursday (December 18) rose 1 percent in early trade, by the weakening of the yen and crude oil overnight upward boost.
TOCOM rubber futures contract prices in May rose 2.1 yen on Thursday, reported 204.4 yen / kg (0028GMT), the price closed up 0.5 yen Wednesday.
India’s National Rubber Association said on Wednesday that the country’s rubber imports in November rose 19 percent, reaching 33,156 tons, due to the domestic rubber production fell and international rubber prices lower, resulting in increase in the number of overseas buyers to purchase rubber glue.
Asia City early Thursday, the dollar against the yen reported ¥ 118.83, compared with Wednesday’s 117.20 increase.
The Nikkei 225 index rose 2.3 percent on Thursday, due to weakening of the yen.
US crude oil futures prices Thursday basically stable at $ 56 / barrel above its previous day’s choppy trading, US crude oil inventories increased.
As of December 18 Beijing time 9:43 am, Tokyo rubber reported 204.4 yen / kg, up 1.04 percent.
Translated by Google Translator from http://news.cria.org.cn/4/24982.html
