Tokyo rubber futures up on Nov.16
2020/11/17 17:36:15Editor：AmandaFont Size：Big Medium Small
Japanese rubber futures rose more than 1% on Monday, buoyed by strong third-quarter economic growth numbers in Japan and data showing China's industrial output rose more than expected last month. Osaka Exchange's rubber contract for April delivery finished 2.7 yen, or 1.2%, higher at 238.3 yen per kg.
The rubber contract on the Shanghai futures exchange for January delivery rose 1.4% yuan to finish at 14,655 yuan per tonne. Japan's economy grew an annualized 21.4%, beating a median market forecast for an 18.9% gain, Cabinet Office data showed, marking the first increase in four quarters and following a 28.8% plunge between April-June.
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