The price of rubber traded on international exchanges moved higher at the beginning of June trading Monday (01/06/2020), after 3 days of trading experienced a weakening. The Tocom rubber trade earlier this week succeeded in returning trade losses during the past week.
The price of natural rubber in Tocom for the busiest contract for the November 2020 contract at the end of the afternoon session closed up 0.8 yen or 0.5% from the end of the previous trade to 154.3 yen, after briefly reaching a low of 149.6 yen and the highest position at 154.3.
Strengthening prices also occurred in the rubber trade on the Shanghai stock exchange (SHFE), for the September rubber contract was closed at a price of 10315 yuan, which strengthened around 110 yuan or 1.07% from the previous position. Likewise for rubber in Sicom, the August futures contract fell US $ 1 or 1.72% to 118.5.
Investor sentiment in the three exchanges above is influenced by optimism in the recovery of global economic activity after the co-19 pandemic and also the rebound in international crude oil futures prices for the Brent type that is rallying. Additional sentiment from the weak movements of the Japanese yen at the start of the Asian session on the Tocom commodity exchange.
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