TOCOM rubber Nov. 20 steady

Tokyo Commodity Exchange (TOCOM) rubber (12820, 145.00, 1.14%) futures prices on Thursday (November 20) is almost flat, despite the yen against the dollar fell to a seven-year low since, but the major Asian rubber production States may decide to take measures to support the price of rubber in the meeting held on Monday.

TOCOM rubber futures April contract price up 0.3 yen Thursday, reported 205.3 yen / kg (0027GMT).

TOCOM rubber futures contract price rose to a high of three and a half months early this week since, reported 208 yen / kg, but still in January of this year recorded a high of 266.3 yen / kg trading below.

In the former Minister of Thailand, Malaysia and Indonesia held a meeting in Kuala Lumpur, currently only a few boat rubber changed hands.

Accounting for 77 percent of global natural rubber production of seven rubber producing countries will consider measures to boost the price of rubber, including limiting the global rubber supply.

Thai Rubber Association last month require manufacturers to do with less than $ 1.50 / kg sold rubber, while the Thai government has agreed to provide $ 1.8 billion loan for rubber producers and exporters.

Asian City early Thursday, the US dollar against the yen newspaper 118.06, hitting a high 7 years.

The Nikkei 225 index rose 0.2 percent on Thursday.

US crude oil futures prices fell for a fourth day on Thursday, at $ 75 / trading below the barrel.

As at Beijing November 20, Tokyo rubber reported 202.5 yen / kg, down 1.32 percent.