The hottest Tokyo rubber fell slightly on Thursday

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Tokyo futures fell slightly on Thursday, while Asian spot rubber prices remained little changed on Thursday

Tokyo industrial products exchange (TOCOM) futures fell slightly on Thursday, as investors took profits after a sharp rise in the past week, and traders competed to reduce positions before the expiration of December contracts on Friday

the data from the real goods test are different, and the price is mostly unchanged. Although the TOCOM rubber is under downward pressure, the heavy rainfall in Thailand, the main producing country, is likely to help the rubber price rise

the TOCOM index hit an intraday low of 220.3 yen per kilogram for the May period, ending 0.7 percent lower at 223.3 yen

the contract hit a seven week high of 225.6 yen the previous trading day, but failed to rise further Since the contract fell to a low of 207.6 on December 14, it has risen nearly 9% in a week. Due to the interruption after the sample was broken, this trader is cautious about buying a lot

a Japanese analyst said, "market 3. After a long time of not doing experiments, the market is slightly cautious about using the demonstration product catalogue for the first batch of key new material products to pursue rubber from the current price, because there are no obvious fundamental factors to support the rise in the past week."

TOCOM may futures encountered technical resistance at the 100 day moving average of 227.3 yen It was on August 3 that the last time that the average value of this period rose above 100 days

traders are cautious about holding a large number of long positions, believing that if there is a large number of deliveries when the 12-month period expires on Friday, the price may fall accordingly

however, strong crude oil prices still provide support for the future U.S. crude oil futures hit a three-month high above $64 a barrel on Wednesday and retreated some gains in Asian trading on Thursday as the market reduced concerns about the short-term impact of the decline in U.S. crude oil inventories and shipping delays in the U.S. Gulf

in the spot rubber market, the heavy rain in the rubber producing area in southern Thailand interfered with the rubber cutting work, resulting in the reduction of domestic supply and the rise of latex prices

Asian spot rubber prices remained basically unchanged on Thursday

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