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Rubber

Tokyo rubber futures rise 2.4 percent

October 16, 2013 Benchmark Tokyo rubber futures rose 2.4 percent on Tuesday, backed by the strength in Shanghai futures, with a record-high yuan also prompting Chinese investors to buy Japanese commodities, brokers said. The benchmark rubber contract on the Tokyo Commodity Exchange (TOCOM) for March delivery rose 6.3 yen, or 2.4 percent, to settle at 270.8 yen ($2.76) per kg. The contract jumped as high 2.8 percent to 272.0 yen in early trade, the highest since September 27, on hopes…

Tokyo rubber futures jump

October 12, 2013 Tokyo rubber futures jumped nearly 3 percent on Friday to their highest in over a week as perceived progress in US debt talks spurred speculative buying, but weaker oil prices weighed on the market, dealers said. The benchmark rubber contract on the Tokyo Commodity Exchange for March delivery rose 5.1 yen to settle at 264.5 yen per kg. It rose as much as 7.6 yen, or 2.9 percent, to 267.0 yen per kg, the highest since October 1. The most-active rubber contract on the…

Tokyo rubber futures slip

October 01, 2013 Key Tokyo rubber futures fell to a one-month low on Monday as the yen rose against the US dollar with a shutdown of the US government seeming increasingly likely. Tokyo Commodity Exchange (TOCOM) futures, which set the tone for tyre rubber prices in Southeast Asia, were also hurt as weak manufacturing data out of top rubber user China and lower equities weighed on sentiment. The key TOCOM rubber contract for March delivery fell 1.7 percent to settle at 265.7 yen per…

Tokyo rubber futures jump

September 20, 2013 Benchmark Tokyo rubber futures ended up 2.7 percent on Thursday, after the US Federal Reserve unexpectedly postponed a scale-back of its monetary stimulus, boosting global equity and commodity prices. The Fed defied investor expectations on Wednesday by sticking to its $85 billion a month bond buying for now, saying it wanted to wait for more evidence of solid economic growth. "FOMC's decision to continue the status quo of monetary easing was quite a surprise,…

IRSG cuts rubber demand growth outlook

September 15, 2013 The International Rubber Study Group trimmed its global demand growth outlook to 3.8 percent for this year, down from its previous projection for a 4 percent rise, due to lingering worries about consumption in recession-struck Europe. But China may offer a glimmer of hope despite recent economic data suggesting a slowdown in the Asian giant, the IRSG said as it lifted its forecast for rubber demand from the world's top consumer by more than 4 percent. "Clearly the…

Tokyo rubber futures drop

September 11, 2013 Tokyo rubber futures dropped 2.3 percent on Tuesday to their lowest in nearly one week due to weaker oil prices that encouraged investors to liquidate contracts, dealers said. The benchmark rubber contract on the Tokyo Commodity Exchange for February delivery fell 3.6 yen to settle at 282.4 yen per kg. It dropped as much as 6.4 yen, or 2.3 percent, to 279.6 yen per kg, the lowest since September 5. The most-active rubber contract on the Shanghai futures exchange for…

Tokyo rubber futures fall

August 06, 2013 Benchmark Tokyo rubber futures fell 0.9 percent on Monday, as a strong yen and weaker-than-expected US jobs data weighed on market sentiment, dealers said. The benchmark rubber contract on the Tokyo Commodity Exchange (TOCOM) for January delivery fell 2.3 yen to settle at 245.8 yen ($2.49) per kg. The benchmark contract fell by as much as 2.8 percent in early Monday morning to 241.1 yen, the lowest since August 1. The most-active rubber contract on the Shanghai futures…

Tokyo rubber down

April 13, 2013 Benchmark Tokyo rubber futures closed slightly lower on Friday, yet still posted the largest weekly gain since September, as investors were split on whether the rally driven by a weak yen would keep overshadowing the market's oversupply. The benchmark Tokyo Commodity Exchange rubber contract, for September delivery, settled Friday 0.5 yen lower at 276.4 yen ($2.8) per kg. The September contract rose 9 percent this week, bolstered by a weaker yen, the first weekly gain…

Tokyo futures hit three-week high

November 23, 2012 Tokyo rubber futures rose 2 percent to a 3-week high on Thursday on the back of a weaker yen that encouraged players to take speculative buying positions, but profit-taking limited gains, dealers said. The benchmark rubber contract on the Tokyo Commodity Exchange for April delivery rose 5.0 yen to settle at 261.7 yen ($3.18) per kg. It rose 5.4 yen, or 2 percent, to an intra-day high of 262.1 yen, the highest since October 29. The most-active rubber contract…

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