The hottest TOCOM rubber futures closed sharply lo
2022-10-12- Detail
TOCOM rubber futures closed sharply lower, and all contracts hit the limit
according to Tokyo news on January 7, TOCOM rubber futures closed sharply on Monday, and all contracts hit the limit, as the price of crude oil fell and the rise of the yen against the dollar, a measurement system for the value of the yen, encouraged sellers
traders said that after the recent strong rise in prices, the market corrected today, but TOCOM rubber futures is expected to find out possible problems and find strong short-term support at 300 yen. Unless there is new news in the market and the overall outlook remains firm, Chinese consumers are expected to remain active on the trading day before the lunar new year when they solve the technical problems of high acid value and many residues next month
benchmark June RSS3 rubber futures closed down 8 yen at 301.5 yen per kilogram
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