Tocom rubber futures settle slightly higher but sharply off intraday highs; the benchmark contract gained as much as 1.9% earlier but profit-taking emerged late in the afternoon, while many buyer maintained a cautious stance amid jitters over U.S. government shutdown. “Prices are quite firm today, but there is a downside risk ahead of the weekend as investors are nervous,” says a Bangkok-based trader. He adds that spot trade remains slow as buyers tread carefully, waiting to see if Tocom is poised for a sustained rebound, or downward correction. Benchmark March rubber settles Y0.4 higher at Y256.9/kg, off the intraday high of Y261.4/kg.

Source: Dow Jones

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