This entry was posted on Tuesday, January 27th, 2015 at 7:19 pm 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 27 (Reuters) – Benchmark TOCOM rubber futures rose on Tuesday helped by a weaker yen and firm Japanese equities, but remained below the key 200 yen level amid regional supply glut and worries over slowing demand especially in China.
FUNDAMENTALS
The Tokyo Commodity Exchange’s new benchmark rubber contract for July delivery JRUc6 0#2JRU: rose 1.6 yen from its opening price to 199.1 yen per kg by 0042 GMT.
The January contract expired on Monday at 189.4 yen. (Full Story)
For the top stories in the rubber market and other news, click TOP/CE or RUB/T
MARKET NEWS
The U.S. dollar was quoted around 118.61 yen JPY=, compared with around 117.95 yen in late Monday afternoon. FRX/
Japan’s benchmark Nikkei stock average .N225 was up 1.5 percent. MKTS/GLOB
* U.S. crude futures steadied above $45 a barrel on Tuesday after a three-session fall that dragged prices to near their lowest level in almost six years, amid a firmer dollar and well supplied market.
Source: Reuters