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Rubber futures closed up!


According to Tokyo on August 29 news, TOCOM rubber (Information, Quotes) futures closed higher Friday, but profit-taking before the weekend cut, recorded in the early strong gains.

Besides crude oil and precious metals futures also firmed rubber market is the recent rise in the main factors. But the next few trading days on the material in the files encountered resistance near 325 yen, because of a lack of profitable new fundamental news.

Thailand and Malaysia, the rain affected rubber production, but Tapping delay may be short-term, because of September during the plantation work and will increase due to expected weather conditions then.

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benchmark February contract rose 0.7 yen to 320.70 yen per kilogram.


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