Most of the hottest TOCOM rubber futures closed hi

2022-08-12
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TOCOM rubber futures mostly closed higher, boosted by short covering

according to Tokyo's news on May 20 that light-weight micro foaming and honeycomb materials will become another major force in lightweight, TOCOM rubber (24050320.00,1. But point out 35%) futures closed mostly higher on Tuesday, supported by short covering. The recent rainy weather in winter in major rubber producing countries has led to a tight supply of spot rubber, boosting market sentiment

in addition, the overall rise of the crude oil market also provides support

the market outlook is still strong, and the resistance level is expected to be 320 yen in the next few trading days. Breaking this level may pave the way for testing 324 yen

the benchmark October RSS3 contract closed up 2.8 yen to 317.6 yen per kilogram; The spot contract was flat at 316.3 yen per kilogram in May

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