RUBBER PRICES: Spurred by Speculation of Higher Demand, Rubber Closes Stronger

Rubber for April 2017 delivery, the most active contract on the Tokyo Commodity Exchange, closed 0.33% or 0.70 points higher at 213.10 yen/kilogram (kg). Earlier, the rubber contract for April opened with an increase of 1.04% or 2.20 points at 214.60 yen/kg. On Wednesday (16/11/2016), the price of April rubber contracts closed up 6.04% or 12.10 points to the level of 212.40. As reported by Bloomberg, strengthening rubber prices in line with speculation of increased demand and the weakening Japanese yen. "Rubber strengthened amid a rally in copper and other industrial commodities in line with expectations of increased demand due to the US President-elect Donald Trump's infrastructure spending plan," said Kazuhiko Saito, an analyst at Fujitomi brokerage, as quoted by Bloomberg. Meanwhile, the Japanese Yen exchange rate weakened 0.29% or 0.32 points to 109.40 against the US dollar at 14.17 WIB.

Movement of April 2017 Rubber Contract Price on TOCOM

Date	Price (Yen / kg)	Change
17/11/2016	213.10	+ 0.33%
16/11/2016	212.40	+ 6.04%
15/11/2016	200.30	+ 1.32%
14/11/2016	197.70	- 3.80%
11/11/2016	205.50	+ 3.47%

Source: Bloomberg

http://market.bisnis.com/read/20161117/94/603584/harga-karet-dipicu-spekulasi-kenaikan-permintaan-karet-ditutup-menguat