2:40 am - Thursday May 23, 2013

Shanghai rubber futures hit limit up on Fed stimulus

Shanghai rubber futures hit limit up on Fed stimulus r rubbermarketnews 248 400x256 300x192 , Sept 14 (Reuters) – The key rubber futures <0#SNR:> rose by their daily limit of 24,675 yuan per tonne early on Friday after the Federal Reserve launched a new stimulus programme for the U.S. economy.

The benchmark Tokyo Commodity Exchange rubber contract for February delivery earlier surged 5.8 percent or 14 yen to 255.6 yen per kg, the highest in two months. The contract was trading up 4.8 percent at 253.1 yen as of 0110 GMT. (Reporting by Yuko Inoue; Editing by Michael Watson)

Source: http://sg.finance.yahoo.com/news/shanghai-rubber-futures-hit-limit-011453297.html

Notice:

You can find more and more rubber news at:

 globalrubbermarkets.com

Rubber Markets News, Rubber Prices Reports, Rubber Market Analytics & Outlook Reports

Filed in: Natural rubber news

No comments yet.

Leave a Reply

You must be logged in to post a comment.

Buy now on OMG Sex Shop