This entry was posted on Friday, August 1st, 2014 at 7:34 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 2.0% lower in line with losses on Shanghai rubber and the broader markets after overnight losses in the U.S. Rubber prices are weighed by persistent fears over a supply surplus this year, as well as slowing demand from China on high stockpiles in the country. A sustained recovery is unlikely until there are clear signs of a strong pickup in demand, say traders. Benchmark January rubber settles Y4.2 lower at Y208.0/kg.
Source: Dow Jones