[Dow Jones] Tocom rubber futures settle 0.6% lower after prices moved in a range due to a lack of strong fundamental cues. Most traders expect a downtrend for Tocom due to seasonal factors as the second half, but current supply-demand fundamentals are relatively balanced, keeping trade sideways. “It”s still raining in the south, so tapping is disrupted and supplies are tight,” says a trader in the region; he adds Tocom is likely to move in a wide Y360-Y430/kg range. China will be releasing trade data Friday and this may influence prices. Benchmark November rubber settles Y2.2 lower at Y387.8/kg, after moving in a tight range of Y386-Y391.3/kg.

Source: Dow Jones

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