Archive for September, 2008
TOKYO, Sept 8 (Reuters) – Tokyo rubber futures climbed 1.7 percent on Monday, supported by a recovery in oil prices, while a fall in the yen versus the dollar inflated the yen-based futures prices and spurred local speculative buying.
* The benchmark rubber contract on the Tokyo Commodity Exchange <0#JRU:> for February delivery rose 5.3 yen to 313.9 yen ($2.89) per kg. It rose to a session high of 315.3 yen, compared with a one-month high for any benchmark of 324.9 yen marked last week. Read the rest of this entry »
BANGKOK, Sept 8 (Reuters) – Tokyo rubber futures rose 1.4
percent on Monday as firmer oil prices and a weaker yen spurred
speculative buying.
* The benchmark rubber contract on the Tokyo Commodity
Exchange <0#JRU:> for February delivery rose 4.4 yen to end the
morning session at 313.0 yen ($2.91) per kg. It rose to a session
high of 315.3 yen per kg.
Read the rest of this entry »
TOKYO, Sept 5 (Reuters) – Tokyo rubber futures closed down more than 2 percent on Friday, near the day’s trough, as part of a broad decline in commodities triggered by a renewed sell-off in U.S. stocks on worries about the health of the economy.
* The decline pared the previous day’s 2.7 percent jump on a technical bounce.
[Dow Jones] Sicom rubber futures end midday lower as weaker crude oil prices, sluggish consumer uptake amid lingering concerns surrounding slowing global automobile, tire sales weigh, says trader in Singapore. Adds similar decline on bellwether Tocom, now down Y5.3 at Y311.2/kg in afternoon trade adds further pressure. Sicom’s benchmark October RSS3 contract ends midday at 293 U.S. cents/kg vs 294.50 cents at yesterday’s close; October TSR20 at 289.75 cents/kg vs 291.25 cents yesterday. (ANJ)
Source: Dow Jones Newswires
[Dow Jones] Tocom rubber futures end midday down as weaker crude weighs, while concerns about demand due to slowing sales of new automobiles in most major economies adds a further selling incentive, says trader. Adds market likely to find minor support at Y307/kg but overall outlook turning weaker. Benchmark Feb RSS3 contract ends midday Y5.8 lower at Y310.7/kg. (ANJ)
Source: Dow Jones Newswires