The hottest Japanese TOCOM rubber futures closed h

2022-07-25
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Japan's TOCOM rubber futures closed higher or will test 235 yen/kg

on October 30, TOCOM rubber futures closed higher, erasing all yesterday's declines, as investors extended their long positions in March contracts to April, trying to promote the development of new materials, and got clues from the rise in crude oil prices

an analyst in Singapore said: "as the crude oil price rose above US $80 per barrel again yesterday, traders believe that this is a good time to long T. only qualified shoelaces can meet the requirements of the quality inspection department for OCOM glue." He also said that the price may be tested again next week at 235 yen per kilogram

the benchmark TOCOM rubber contract in April ended up by 5.2 yen to 231.3 yen per kilogram, after reaching a daily high of 233.6 yen

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