Tocom rubber rises on Dec.26
Tokyo Commodity Exchange (TOCOM) futures rose on Wednesday amid hopes that China and the United States are getting closer to signing a trade deal
TOCOM's rubber contract for May delivery finished 2.5 yen ($0.0229) higher at 200 yen per kg
The most-active rubber contract on the Shanghai futures exchange for May delivery rose 40 yuan ($5.72) to finish at 12,820 yuan per tonne. China's new technically specified rubber (TSR) 20 futures contract was last up 15 yuan at 10,665 yuan per tonne
US President Donald Trump said on Tuesday that he and Chinese President Xi Jinping will sign the first phase of the Sino-US trade deal
The US dollar was quoted around 109.33 yen, compared with around 109.39 yen on Tuesday afternoon
Oil prices rose on Tuesday in thin pre-Christmas trading after Russia said cooperation with OPEC on supply cuts would continue and amid optimism that the United States and China could finalise a trade agreement
Japan's benchmark Nikkei stock average was down 0.2%
The front-month rubber contract on Singapore's SICOM exchange for January delivery last traded at 143.6 US cents per kg, up 0.6.
- Tireworld Insight: Domestic tire makers eye overseas expansion
- Tireworld Insight: Price disparity severe between China's rubber exports and imports
- Tireworld Insight: China tire exports dependent on US market performance
- Tireworld Insight: SHFE rubber expected to move in tight range in short-term
- Tireworld Insight: Rubber futures to test near-term resistance at 15,000 yuan/tonne
- Tireworld Insight: China’s tire industry on track of rapid growth
