This entry was posted on Tuesday, January 20th, 2015 at 8:15 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.
TOKYO, Jan 19 (Reuters) – Benchmark TOCOM rubber futures climbed nearly 2 percent on Monday, buoyed by a weaker yen and a slight recovery in oil from recent lows.
FUNDAMENTALS
The Tokyo Commodity Exchange rubber contract for June delivery JRUc6 0#2JRU: was up 3.5 yen at 196.5 yen per kg by 0022 GMT, after settling down 3.2 yen on Friday.
It touched a one-month low of 191.4 yen on Friday, weighed down by slumping oil prices, a stronger yen and worries about weak demand especially in top consumer China.
Rubber inventories in warehouses monitored by the Shanghai Futures Exchange rose 5.7 percent from the previous week, the exchange said on Friday.
Source: Reuters