The hottest November 15 Tokyo rubber Market Overvi

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November 15 Tokyo futures market overview

Tokyo industrial products exchange (TOCOM) futures rose slightly on Wednesday, driven by short covering, which had previously fallen to its lowest level in nearly three weeks. TOCOM index closed up about 0.1 yen to 286 yen per kilogram in April. It fell to 282.3 yen, a low since October 25, and then rebounded driven by traders covering short positions. "The fund is selling, mainly because of poor technology. After the decline in the past few trading days, the technology has been quite bad," said Shuji Sugata, general manager of Mitsubishi futures and securities company. The TOCOM index futures fell below the key short-term and medium-term moving average and approached the 200 day moving average of 271.4 yen. "From the chart, the futures price may be in a downward stage in the medium term, especially after breaking through the key moving average in 2012," Sugata said. However, traders said that the futures glue may get support from 5. The decline of the yen and the limited supply in the physical market. Some recycled plastic granulators, as the main processing machines, will have a broad customer base. In the physical market, rubber prices mostly fell, following the decline of TOCOM rubber, but the tight supply in Thailand, the main rubber producing country, may alleviate this decline

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