Rubber futures hit nine-year high
Tokyo (Reuters) - Tokyo rubber futures extended a rally on Wednesday to their highest level in nine years, led by a buoyant spot contract amid concerns about tight physical supply and historically low rubber stocks in Japan.
The benchmark December rubber contract on the Tokyo Commodity Exchange rose as high as 169.2 yen per kg, the priciest for TOCOM's key contract since March 11, 1996, when prices hit 174.6. At the close it was up 3.4 yen at 168.7.
This is an external link and should open in a new window. ERJ is not responsible for the content of external sites.
Reuters (Japan) story
This article is only available to subscribers - subscribe today
Subscribe for unlimited access. A subscription to European Rubber Journal includes:
- Every issue of European Rubber Journal (6 issues) including Special Reports & Maps.
- Unlimited access to ERJ articles online
- Daily email newsletter – the latest news direct to your inbox
- Access to the ERJ online archive