This entry was posted on Tuesday, December 3rd, 2013 at 9:00 am 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 1.9% higher on a weak yen and as political uncertainty in major producer Thailand adds to current supply concerns due to the rainy season. Also providing a boost is Japan’s domestic sales of new cars, trucks and buses in November, which increased 13.3% on year from comparatively low levels when demand sagged after the termination of government buying incentives for fuel-efficient vehicles. Benchmark May rubber settles Y5.1 higher at Y275.3/kg, off the two-month high of Y276.8/kg.
Source: Dow Jones