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14 Aug 2014: Tocom Rubber Settles Slightly Lower; Prices Still Below Y200/Kg

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

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« 7 Aug 2014: Tocom Rubber Settles Higher; Yen Helps
15 Aug 2014: Tocom Rubber Settles Lower in Range-Bound Trade »

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.

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