This entry was posted on Friday, May 9th, 2014 at 4:37 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 0.5% lower as softer-than-expected April inflation weighs on Shanghai rubber, as the data stokes concerns about the risk of deflation in the world’s largest importer and consumer of natural rubber. Overall, Tocom trade is slow Friday as prices have already fallen as much as 5.0% Wednesday on concerns of an even bigger supply surplus. A technical rebound Thursday couldn’t be sustained amid the lack of positive news ahead of the weekend. Benchmark October rubber settles Y1.0 lower at Y198.3/kg, after moving in the Y197.1-Y200.3/kg range.
Source: Dow Jones