By Aya Takada and Yasumasa Song
April 22 (Bloomberg) — The Tokyo Commodity Exchange, which provides the benchmark price for natural rubber, is checking futures positions held by its members after the volatility of prices jumped.
“We have checked with every commodity brokerage company about how many long positions they hold in contracts for delivery in April, May and June,” Kazunari Hayakawa, executive managing officer for the exchange, said today by phone. “We need to check whether any price manipulation is occurring.”
September-delivery rubber, the most-active futures contract in the exchange, fell as much as 4.3 percent today after surging by 4 percent in the previous two days.
You can find more and more rubber news at:
Rubber Markets News, Rubber Prices Reports, Rubber Market Analytics & Outlook Reports