Quantcast
Other Stories
Gold
(2015-04-03)
29240(0) (LTP)
Gold
(2015-04-03)
29240(0) (LTP)
Gold
(2014-09-26)
25626(0) (LTP)
Gold
(2014-09-26)
25626(0) (LTP)
23 Apr 2014
28487 Pivot
23 Apr 2014
42082 Pivot
Japan’s largest commodity futures bourse Tokyo Commodity Exchange (TOCOM) announced that its rubber futures for April contract hit new record high since listing on Friday, April 16, 2010.
16 Apr 2010
TOKYO (Commodity Online): Japan’s largest commodity futures bourse Tokyo Commodity Exchange (TOCOM) announced that its rubber futures for April contract hit new record high since listing on Friday, April 16, 2010.

“The April 2010 Rubber futures contract temporarily hit 412.1 yen / kilogram during today’s session. This is a new high of the nearest contract month, breaking the 30-year record of 386.8 yen/kilogram set in February 13, 1980, when the contract reached its highest price since its listing on December 12, 1952 at the then Tokyo Rubber Exchange,” said the exchange in a statement issued on Friday.

The price in TOCOM Rubber market acts as the world’s benchmark for natural rubber, and is referred daily by trading companies and producers especially in south-east Asia.

The most active contract April, 2010 opened at 382.5 yen per kg and hit a high of 412.1 yen per kg at the closing. The settlement price was recorded at 411.9 yen per kg with gain of 29.7 yen per kg during the day.

TOCOM is Japan’s largest commodity futures exchange with a trading volume of 29 million contracts, representing an 81% market share, in 2009, and one of the most prominent exchanges in Asia.

TOCOM was established in 1984 as a result of a merger between the Tokyo Textile Exchange, founded in 1951, the Tokyo Rubber Exchange and the Tokyo Gold Exchange. TOCOM was demutualized in December 2008 and went live with a new trading system based on the suite of trading and clearing platforms provided by the NASDAQ OMX Group, Inc. in May 2009.

YOUR RESPONSE
Click on the image to reload it
Click to reload image
COMMENTS (0)

@2013 COMMODITYONLINE ALL RIGHTS RESERVED