Thursday, 14/07/2011, 7:29 GMT +7
THE PRICE OF NATURAL RUBBER ROSE 3.6% GROWTH!
Thanks to the recovery of the stock market and the growth of other goods, the price of natural rubber in the world increased 3.6 percent in the trading session today.
At the Tokyo commodity exchange (Tocom), the price of rubber rose 13.1 transportation, equivalent to 3.6% up 376.3 yen/kg, i.e. 4.78 USD/kg.
In the exchange of goods, the price of rubber delivered on January 2011 increase 1,175 CNY up 35,000 CNY per ton, i.e. 5,407 dollars per ton.
According to traders, in addition to stocks and commodities, especially oil prices, went up, the rubber price cheaper after the decreasing in the past have attracted buyers back into the market. They predicted the price would rise further in December 7 after the end of 13th July session on the threshold of the psychological resistance of 370 Yen/kg.
Exchange rate (Eximbank)
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