Rubber prices across Asia continued to drift lower Thursday, mirroring weakness in commodity prices in the region.
While prices came off during the session, volumes were light and expected to stay that way as a number of major markets in Asia will closed for holiday observance Friday, said Kaname Gokon, an analyst at Okato Shoji.
Asian Rubber Futures Mar. 24 Change from previous close Tocom Mon RSS3 Y175/Kg Down Y2.4/Kg Shanghai Sep SCR5 CNY11,550/Ton Down CNY210/Ton Thai Sep RSS3 THB53.65/Kg Up THB1.35/Kg Sicom Jul RSS3 US 152.0 cents/Kg Down US 2.5 cents/Kg Sicom Jul TSR20 US 130.0 cents/Kg Down US 2.3 cents/Kg Asian Physical Rubber UNAVAILABLE USS Mar THB47.39-THB47.68/Kg THB48.05-THB48.18/Kg