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Monday, October 18, 2021

Tocom Rubber Settles Higher; May Test Y280/Kg

ocom rubber futures settle 2.8% higher in line with gains in Asian equities amid reduced expectations that the U.S. Fed would be withdrawing its bond-buying program. A trader in Bangkok says positive sentiment will continue driving Tocom’s gains, with prices testing Y280/kg in the night session. Benchmark January rubber settles Y7.6 higher at Y277/kg, after gaining as much as 3.6% to the fresh three-month high of Y279/kg.

Source: Dow Jones

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