Tokyo Commodity Exchange (TOCOM) rubber (11920, -110.00, -0.91%) futures on Wednesday (December 10) higher, but trading was light as traders wait for the world’s biggest rubber buyer, China will be released today economic data, while the price of rubber fell 3.5 percent the previous day.
TOCOM rubber futures contract prices in May rose 1.0 yen on Wednesday, reported 194.6 yen / kg (0053GMT), the price fell 7.1 yen on Tuesday, as crude oil prices hit a low of five years.
Polls show that China November consumer price index was 1.6%, unchanged from the October, lower than the government’s annual target of 3.5% is expected, at the same time, China November consumer price index and producer price index will 0130GMT release.
Japanese government data released today showed that the country’s large manufacturing poor performance from October to December, and the situation may worsen further, suggesting that Japan’s economic recovery from the recession is still relatively slow process.
About 50 rubber producers gathered in southern Thailand on Tuesday, the military government request to provide more support to raise rubber prices.
Sanya City in the early weeks, the dollar slipped to 119.68 against the yen, because investors took profits before the end of the year.
The Nikkei 225 index fell 1.4 percent Wednesday as the market for global economic growth and political instability in Greece worries increased.
Brent crude oil futures prices closed higher on Tuesday, terminate its 25 decreases, while its price hit a five-year low before.
As of December 10 morning Beijing time 10:08 minutes, Tokyo rubber reported 191.5 yen / kg, down 1.03 percent.
