RUBBER PRICES December 22: Strengthen Again, Encouraged by Chinese Stimulus Speculations

The rubber contract for May 2016 delivery, the most active contract on the Tokyo Commodity Exchange, closed up 0.18% to a price of 167.10 yen or Rp18,881 per kilogram.
The price of rubber strengthened after fluctuating between a drop of 0.48% to 166 yen per kilogram and a gain of 0.72% to 168 yen per kilogram.
The commodity gained strength driven by speculation of additional monetary stimulus from China that could potentially boost demand from the world's largest consumer of rubber.
The Chinese government has promised a more flexible monetary policy and a more effective fiscal policy to drive economic growth.
Price Movements of May 2016 TOCOM Rubber Contracts




Date


Price (Yen/Kg)


Change




12/22/2015


167.10


+0.18%




12/21/2015


166.80


+2.52%




12/18/2015


162.70


-0.43%




12/17/2015


163.40


+1.49%




12/16/2015


161.00


-0.68%




Source: Bloomberg