This entry was posted on Saturday, January 7th, 2012 at 2:13 pm and is filed under Rubber News. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.
Tocom rubber futures settle a tad lower, as euro-zone debt concerns weigh on prices, although the downside was limited due to supply concerns on heavy rain and flash flooding in south Thailand. Investors are also cautious ahead of a key U.S. jobs report due later Friday and as Tocom is closed for a public holiday Monday. Traders are keeping their eyes on rainy weather across major producing regions, as any further disruption to tapping could exacerbate supply concerns ahead of the upcoming low-production season–expected to start late January in Thailand. Benchmark June rubber settles Y0.2 lower at Y267.9/kg, 1.7% higher on week, and off the intraday low of Y264.9/kg.
Source: Dow Jones