[Fujitomi] Tokyo Rubber drops sharply, continuing decline

（Tokyo Rubber）
Tokyo Rubber fell sharply again on the 22nd. As of 11:00, the near-month August contract was down 12.6 yen at 250.4 yen.
Tokyo Rubber continued to fall sharply, with the front-month below 250 yen at 10:30. The overseas slump in Shanghai Rubber and the strengthening yen pushed it below 260 yen in the morning, and the revival in Shanghai Rubber’s near-month contract’s declines by 10:00 led to a rapid drop in Tokyo. The rapid decline is being accelerated by the renewed selling pressure from the ongoing selling of the May near-term contract in Shanghai, while rising inventories are also viewed as a negative factor.

https://www.fujitomi.co.jp/?p=13874

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