NEWS EXPRESS: ¥18,020! Chinese Rubber Futures Prices Hit a 7-Year High
Following the Federal Reserve’s announcement to cut the federal funds rate by 50 basis points to 4.75%~5.00%, combined with the impact of typhoon disaster weather, Chinese rubber futures have seen continuous increases. As of the close on September 19, rubber futures were reported at ¥18,020 per ton, marking the highest price in 7 years.