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    Home > Chemicals Industry > New Chemical Materials > TOCOM rubber futures fell on Friday, following the decline of Shanghai rubber

    TOCOM rubber futures fell on Friday, following the decline of Shanghai rubber

    • Last Update: 2022-12-15
    • Source: Internet
    • Author: User
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    TOCOM benchmark rubber futures slipped on Friday, following a weakness in Shanghai rubber after jumping in the previous day
    .

    rubber

    High inventories still weigh on TOCOM rubber prices
    .

    An analyst at a futures company said: "Tokyo Rubber is mainly following the trend of Shanghai rubber, and the price has fallen
    from the high.

    "Fundamentally, rubber production is nearing its end, easing supply pressure
    .
    January PMI data showed that the construction sector performed well, supporting tire consumption
    .
    However, given that rubber stocks are still quite high, prices will not reverse.

    The TOCOM benchmark July rubber contract closed down 2.
    1 yen at 182.
    5 yen a kilogram
    .
    This week, TOCOM rubber accumulated a total of 4.
    7 yen
    .

    The TOCOM Technical Graded Rubber (TSR) 20 futures table fell about 2.
    3 yen in August to close at 155.
    1 yen per kilogram
    .

    The May rubber contract, the main force of the Shanghai Futures Exchange, fell 115 yuan to close at 11,640 yuan
    a tonne.

    The Singapore Exchange (SICOM) latest March rubber contract was 135.
    3 cents per kilogram, down 0.
    7 cents
    .

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