TOCOM futures extend gains into fourth session on May 29
TOKYO:* Tokyo Commodity Exchange (TOCOM) futures rose for a fourth straight session on Wednesday, with the benchmark contract for November delivery finishing 0.4 yen, or 0.2%, higher at 193 yen per kg.
* The most-active rubber contract on the Shanghai futures exchange for September delivery rose 300 yuan, or 2.5%, to 12,200 yuan per tonne by around 0652 GMT.
* The U.S. dollar was quoted around 109.18 yen, compared with around 109.36 yen on Tuesday afternoon.
* Oil prices were lower with Brent dropping 0.8% and U.S. crude down by 1.2%.
* Japan’s benchmark Nikkei stock average ended the day 1.2 percent lower.
* TOCOM’s technically specified rubber (TSR) 20 futures contract for November delivery fell 0.3% to close at 161.6 yen per kg.
* The front-month rubber contract on Singapore’s SICOM exchange for June delivery traded at 155 U.S. cents per kg, down 0.1%.
Related Article
- Qingdao Doublestar acquires Hengyu Technology for US$130m
- Global NR production down in Q1, but prices rise marginally
- ANRPC reports fall in world natural rubber consumption in Q1 of 2019
- China’s mixed rubber policy to affect Thai, Vietnamese imports
- China's mixed rubber policy to affect Thai, Vietnamese imports
- 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
