This entry was posted on Friday, September 19th, 2014 at 5:34 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.
Tocom rubber futures fall 1.6% despite the yen falling to a fresh six-year low as a decline in Shanghai rubber weighs. Although China is restocking amid a fall in Qingdao inventory, stockpiles in the country are still relatively high. Therefore, “Chinese buyers are in no hurry yet right now–maybe in a few months if stocks continue to drop,” says a trader in Singapore. Benchmark February rubber settles Y3.0 lower at Y189.2/kg.
Source: Dow Jones