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30 July 2014: Tocom Rubber Settles Lower as Demand Sluggish

Tocom rubber futures settle 0.7% lower in a day of rangebound trade as demand remains lackluster in a market where overall supply is expected to outstrip demand this year. Although India is buying internationally due to low prices globally, bids are often low, which further depresses already weak market sentiment, says a trader in Thailand; meanwhile, demand from China is slow due to high domestic stockpiles, he adds. Benchmark January rubber settles Y1.4 lower at Y211.4/kg, after moving in the Y211.1-Y213.1/kg range.

Source: Dow Jones

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« 29 July 2014: Tocom Rubber Jumps on Nikkei Strength, Yen Drop
31 July 2014: Tocom Rubber Settles Slightly Higher; U.S. Jobs Data Eyed »

This entry was posted on Thursday, July 31st, 2014 at 8:54 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.

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