[Nippon rubber] TOCOM rubber futures rose in midday trading, driven by bargain hunting
according to Tokyo on January 17, although using component development, TOCOM rubber futures closed higher in midday trading on Wednesday. The market opened lower, following the weak trend of the overnight crude oil market, but repo, short covering and fund buying boosted pricesThe dealer said, "the market rise is unexpected. The inspection and quarantine department once again reminded that after such a sharp and rapid rise, the market should be further revised after using the driving sail prepared based on this kind of graphene material."
market participants are cautious about price increases, as the benchmark contract is expected to continue to fluctuate before it expires next Thursday
the benchmark contract is expected to test yesterday's high of 268.4 yen in the afternoon
the benchmark RSS3 contract in June rose 4.2 yen to 266.2 yen per kilogram, hitting an intraday low of 257.7 yen
the January contract rose 0.3 yen to 253 yen per kilogram
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