Japanese Rubber Futures Edge Higher on Oil Gains and Production Concerns
Japanese rubber futures edged higher Thursday as oil prices rallied and rubber production showed signs of falling short of expectations in major producing areas.
Japanese rubber futures rose modestly on Thursday, supported by higher oil prices and signs that rubber production in major producing areas may fall short of expectations. The exchange rates were $1 = 157.0800 yen and $1 = 6.6741 Chinese yuan.