This entry was posted on Wednesday, August 20th, 2014 at 8:42 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.
Tocom rubber futures settle slightly higher in slow trade after moving in a narrow band amid the lack of strong cues in a market that is weighed by persistent weak sentiment. With supply tight as tapping slows on depressed prices, a Phuket-based trade executive says prices may pick up when the Thai government announces the sale of its rubber stockpiles at “good prices”; the government is sourcing for buyers, but no deadline has been set for the sale. Benchmark January rubber settles Y0.4 higher at Y197.9/kg, after moving in the Y196.8-Y199.0/kg range.
Source: Dow Jones