This entry was posted on Friday, July 18th, 2014 at 5:19 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 as cautious investors square off positions ahead of a long weekend in Japan. Traders say despite short-term corrections, sentiment on Tocom remains weak as there are no strong leads driving the market; even though physical raw material supply is tight, end consumers are still able to get their hands on rubber, so prices are getting little upside. A trader in Thailand says Tocom may breach the psychological Y200/kg in the night session on continued risk aversion. Tocom will be closed Monday for a public holiday. Benchmark December rubber settles Y0.7 lower at Y202.2/kg.
Source: Dow Jones