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Join date : 2014-02-28
TOCOM rubber hits 15-month high on weak yen, firm Shanghai
The Tokyo Commodity Exchange rubber contract for April delivery JRUc6 0#2JRU: closed 6.9 yen higher at 205.5 yen ($1.93) per kg after touching 207.7 yen, the highest since July 30, 2015. “The market sentiment has clearly changed, as TOCOM and Shanghai are buoyed by weak yen and yuan,” said a Tokyo-based dealer.
The most-active rubber contract on the Shanghai futures exchange for January delivery SNRcv1 rose 855 yuan to finish at 16,390 yuan ($2,405) per tonne, after hitting 16,465 yuan, the highest since June 12, 2015. Rubber inventories in warehouses monitored by the Shanghai Futures Exchange rose 1.1 percent from last Friday, the exchange said. The front-month rubber contract on Singapore’s SICOM exchange for December delivery STFc1 last traded at 170.20 U.S.cents per kg, up 3 cents.
($1 = 6.8146 Chinese yuan) ($1 = 106.6900 yen)
http://globalrubbermarkets.com/46519/tocom-rubber-hits-15-month-high-weak-yen-firm-shanghai.html
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Re: TOCOM rubber hits 15-month high on weak yen, firm Shanghai
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Join date : 2014-02-24
Re: TOCOM rubber hits 15-month high on weak yen, firm Shanghai
- yaka
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Join date : 2014-02-28
Re: TOCOM rubber hits 15-month high on weak yen, firm Shanghai
- yaka
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Join date : 2014-02-28
TOCOM rubber hits near 4-year high amid supply worries
TOKYO (Jan 16): Benchmark Tokyo rubber futures hit their highest in nearly four years on Monday as continued rains in Thailand renewed worries about supply shortage.
Tokyo Commodity Exchange (TOCOM) futures, which set the tone for tyre rubber prices in Southeast Asia, touched 307.3 yen (US$2.70), their highest since Feb 21, 2013, also buoyed by bullish Shanghai and Singapore futures.