Rubber prices rebounded on trading today, Thursday (15/2/2018), menysul strengthening in the stock of Japan and Asia.
The price of rubber for delivery in July 2018 on the Tokyo Commodity Exchange (Tocom), rose 0.6% or 1.1 points to 185.40 yen per kilogram (kg) at 1032 WIB.
Previously, the July rubber contract price opened a 0.22% rebound or 0.4 points at 184.70 per kg after closing down 2.64% or 5 points at position 184.3 yen per kg on Wednesday (14/2/2018 ).
According to Gu Jiong, an analyst from broker Yutaka Shoji, the strengthening of rubber prices today is driven by the strengthening in Nikkei index. Japan and the majority of other Asian exchanges.
"In addition, the thin trade volume due to China's close market also contributed to the strengthening," he said, as quoted by Bloomberg, Thursday (15/2/2018).
The Nikkei 225 index was up 1.33% or 280.46 at 21,434.63, while the Topix gained 1.08% or 18.41 points to 1,721.13 at 1031 GMT.
On the other hand, the Japanese yen appreciated 0.42% or 0.45 points to 106.56 at 10:51 pm.
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