This entry was posted on Friday, August 1st, 2014 at 9:30 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 a tad higher in another day of rangebound trade with prices getting some support from a slightly weaker yen vs Wednesday. Traders say Tocom is stuck in range with few fresh factors driving prices, as forecasts of a supply surplus and high stockpiles have been priced in for months and are still weighing on market sentiment. Investors are now turning their eyes to Friday’s release of U.S. nonfarm payrolls data for clues on the health of the world’s largest economy. Benchmark January rubber settles Y0.8 higher at Y212.2/kg.
Source: Dow Jones