This entry was posted on Wednesday, September 3rd, 2014 at 7:38 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 flat as the downside is limited by the weak yen, which hit a eight-month low against the U.S. dollar. Tocom’s gains however may be short-lived; a Bangkok-based trader says some trade participants are expecting prices to fall below Y180/kg due to persistently weak market sentiment, as well as expectations of a supply surplus this year. Benchmark February rubber settles Y0.1 lower at Y200.1/kg, after moving in the Y198.3-Y200.6/kg range.
Source: Dow Jones