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Wednesday, August 17, 2022

20 Feb 2013: Tocom Rubber Lower; Thai Supply Weighs

Tocom RSS3 rubber futures are slightly lower in range trading amid a lack of strong cues. Traders are watching the yen’s movements and demand in China for further cues.

Though the low-output season is coming, supply from major producer Thailand is abundant and domestic inventories in China are high, which is weighing on prices, traders say. Benchmark July rubber is trading Y0.6 lower at Y314/kg, after moving in a Y312.5-Y315.1/kg band.

Source: AFET

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