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3 Dec 2013: DJ Tocom Rubber Settles Higher on Yen, Thai Concerns, Japan Auto Sales

Tocom rubber futures settle 1.9% higher on a weak yen and as political uncertainty in major producer Thailand adds to current supply concerns due to the rainy season. Also providing a boost is Japan’s domestic sales of new cars, trucks and buses in November, which increased 13.3% on year from comparatively low levels when demand sagged after the termination of government buying incentives for fuel-efficient vehicles. Benchmark May rubber settles Y5.1 higher at Y275.3/kg, off the two-month high of Y276.8/kg.

Source: Dow Jones

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This entry was posted on Tuesday, December 3rd, 2013 at 9:00 am and is filed under Rubber News. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

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