Tokyo Commodity Exchange (TOCOM) rubber futures Monday (September 22) fell for a third day, as Japanese stocks down, Furthermore, the market for the world’s biggest rubber buyer worries China’s economic growth increased.
TOCOM rubber futures contract prices in February fell 0.9 yen on Monday, at 188.3 yen / kg (0015GMT), its price fell 3.0 yen on Friday.
Chinese Finance Minister Lou Jiwei Sunday (September 21), said China’s economic policy will not be any economic indicators change greatly.
Group of Twenty (G20), said they were very promising global economies of scale to make additional 2 trillion (trillion) dollars and create new jobs for millions of dollars, but the continued stagnation of the European economy is still a major obstacle.
Shanghai Futures Exchange said on Friday that the exchange rubber inventories fell 1.0 percent from the previous week.
The Thai government last Friday approved the loan 3 billion baht to help joint ventures and domestic enterprises to purchase rubber, rubber futures prices pushed higher. Meanwhile, rubber futures price has dropped low over the years, due to weak global demand for rubber.
Asian city early Monday, the dollar against the yen, 108.93 yen.
The Nikkei 225 index fell 0.3 percent on Monday.
As of September 22 Beijing time 10:30 am, Tokyo Rubber reported 186.9 yen / kg, down 1.22 percent.