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TOCOM rubber futures rise on December 17

18/12/2014 By hau.vt

Tokyo Commodity Exchange (TOCOM) rubber futures on Wednesday (December 17) to rise, the price of the previous session down 1%, but the price of rubber rose slightly to reflect the instability of the global economy and the Russian financial market turmoil.
TOCOM rubber futures contract prices in May rose 0.4 yen on Thursday, reported 202.2 yen / kg (0054GMT).
Volatile global markets on Wednesday, due to Russia’s emergency rate hike after the ruble fell still low.
Chinese Ministry of Finance said on Tuesday that China’s rubber import tariffs from the current 1,200 yuan / ton raised to 1,500 yuan / ton, or about $ 242 / ton, move or suppress Thai rubber imports and domestic tire market.
Sanya City in the early weeks, USDJPY Daily 116.92 yen, compared with 117.28 yen Tuesday afternoon fell on speculation the Federal Reserve will raise interest rates this move is more cautious.
The Nikkei 225 index rose 0.1 percent on Wednesday.
US crude oil futures prices fell about 1 percent on Thursday, steady at below $ 56 / barrel, after data showed US crude oil inventories unexpectedly increased last week.
As of December 17 Beijing time 9:42 am, Tokyo rubber reported 203.9 yen / kg, up 1.04 percent.
Translated by Google Translator from http://news.cria.org.cn/4/24972.html

Filed Under: Global rubber market news, News

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