The most popular TOCOM rubber futures turned weak

2022-07-25
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TOCOM rubber futures closed down in the afternoon, and the outlook turned weak

according to the news in Tokyo on July 23, TOCOM rubber futures closed down in the afternoon on Wednesday, and the benchmark contract was close to a six-month low. The weakness of the crude oil market encouraged sellers to sell at different prices

traders said that the overall outlook of the market was soft. As the weather conditions in major rubber producing countries improved, the rubber supply continued to increase, which continued to put pressure on the spot market. However, the TOCOM futures market is expected to find short-term support at 325 yen per kilogram

the benchmark RSS3 contract in December ended down 3.6 yen at 5.14 yen in midday trading;, Quote 327 yen per kilogram

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