This entry was posted on Thursday, August 14th, 2014 at 4:25 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 range trade with prices failing to breach the Y200/kg psychological level. A lack of fresh driving factors is weighing on Tocom amid a forecasted supply surplus this year and there is little upside in sight even if the Thai government aims to cut output by hastening replanting; “that’s a long-term measure and wouldn’t help prices in the immediate term,” says an analyst in Tokyo. Benchmark January rubber settles Y0.7 lower at Y197.4/kg, after moving in the Y196.2-Y199.9/kg range.
Source: Dow Jones