TOKYO, June 26 (Reuters) - Benchmark TOCOM rubber futures hit a near one-week high on Monday, tracking gains in oil prices.
FUNDAMENTALS
* The Tokyo Commodity Exchange rubber contract for November delivery rose 2.8 yen to 192.1 yen ($1.73) per kg by 0030 GMT, after touching 195.2 yen earlier, the highest since June 20.
* The front-month contract for June delivery expires later in the day.
* Rubber inventories in warehouses monitored by the Shanghai Futures Exchange rose 1.1 percent from the previous week, the exchange said on Friday.
* For the top stories in the rubber market and other news, click or
MARKET NEWS
* Oil futures extended gains on Monday with a lift from a weaker dollar, but glut worries still remained due to increasing U.S. drilling activity.
* The U.S. dollar was quoted around 111.25 yen, compared with around 111.32 yen on Friday afternoon.
* Japan's benchmark Nikkei stock average was little changed.
* Copper prices reached their highest since April 7 on Friday as rising Chinese stock markets and strong European manufacturing data prompted investors to bet on higher prices.
No comments:
Post a Comment