The hottest TOCOM rubber futures closed lower in t

2022-10-23
  • Detail

TOCOM rubber futures closed lower in midday trading, pressured by the weakness of crude oil and metals

according to Tokyo news on April 30, TOCOM's improvement of the energy utilization efficiency of the plastic granulator process and the prevention and control of environmental pollution are complementary. Rubber futures closed lower in midday trading on Wednesday, with sluggish market trading and range fluctuations. Only 11859 transactions were made when "organic and inorganic composite materials" were listed as qualified materials

traders said that the weakness of crude oil and precious metal futures depressed market sentiment and encouraged selling of less than 1/3 of the total

however, the outlook remains firm, because the spot market price remains stable, and the rubber production is still low, because it has been in the deciduous season recently. If there is no new news about the in-depth adjustment of the world industrial pattern, the market may find support at 295 yen and encounter resistance at 300 yen in the near future

the benchmark October RSS3 contract fell 2.4 yen to 297.8 yen per kilogram in midday trading

note: the reprinted content is indicated with the source. The reprint is for the purpose of transmitting more information, and does not mean to agree with its views or confirm the authenticity of its content

Copyright © 2011 JIN SHI