• Home

  • Rubber

  • Plastic

  • Contact

Search:

20 Aug 2014: Tocom Rubber Prices Unable to Breach Y200/Kg Resistance

Tocom rubber futures settle 0.7% higher as the U.S. dollar hit a four-month high against the yen, but rubber market sentiment wasn’t strong enough for prices to breach the Y200/kg resistance. Although there are reports of falling supply due to farmers’ reluctance to produce in the current depressed market, listed Thai major exporter Sri Trang says in its 2Q results presentation that there has been “no significant reduction in supply at current low natural rubber prices as rubber farmers still need to make their living on regular tapping of rubber.” Benchmark January rubber settles Y1.4 higher at Y199.3/kg, off the intraday high of Y199.9/kg.

Source: Dow Jones

Share this:

  • Twitter
  • Facebook

« 19 Aug 2014: Tocom Rubber Settles Up; Thai Traders Await Government News
21 Aug 2014: Tocom Rubber Higher but Gains May Be Short-Lived »

This entry was posted on Wednesday, August 20th, 2014 at 4:34 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.

Comments are closed.


  • Useful Links

    • Physical FOB Price
    • SHFE Rubber Price
    • SICOM Rubber Price
    • TOCOM Rubber Price
www.uyong.com
© copyright 2008
Entries (RSS)