This entry was posted on Friday, September 26th, 2014 at 6:13 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 settle higher tracking gains in Shanghai rubber and as a weak yen is supportive, although prices are well under the psychological Y200/kg level and near five-year lows on persistent weak sentiment amid forecasts of a supply surplus this year. Many traders are still bearish, as there are little signs of improving demand appetite even in the depressed market; “trade is very slow compared to this time in the last few years,” says a trader in Singapore. Benchmark March rubber settles Y4.5 higher at Y185.4/kg.
Source: Dow Jones