Colosseum a.s. (Colosseum a.s.)
Commodities  |  May 31, 2011 16:51:30

Rubber price rise, stocks fell to an eight-year low

ColosseumThe growth rates recorded in the previous trading session on the Tokyo Stock Exchange Commodity Exchange most active November futures contract for rubber. It was a response to government data that showed a decrease in stocks mentioned commodities in China at the lowest level in 8 years. These gave rise to speculation, saying that China, the largest consumer of rubber in the world, could proceed to replenish decimated stocks. Stocks of natural rubber monitored by the Shanghai Futures Exchange Stock Exchange fell by 3,655 tons to total 10,291 tons, the lowest level since January 2003 because of reduced supplies from Southeast Asian countries during the period February to May this year. Rubber futures on the delivery date of November, strengthened during the trading session on the Tokyo Stock Exchange Commodity Exchange of 1.6% on the price of 393.20 yen per kilogram.

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