This entry was posted on Monday, July 14th, 2014 at 4:32 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 slightly lower in a day of slow trade as prices find support around Y200/kg. Market sentiment remains weak and prices are likely to continue moving in the current range, says a Bangkok-based trader; “I don’t know what will move prices. After all, they’ve already fallen 30% this year,” he adds, reflecting a directionless sentiment hanging over the rubber trade now. A Tokyo-based analyst pegs resistance at Y205/kg. Benchmark December rubber settles Y0.8 lower at Y200.5/kg, after moving in the Y200-Y202.9/kg range.
Source: Dow Jones