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Friday, January 21, 2022

Asian Physical Rubber Mixed; May Have Hit Bottom

Asian physical rubber prices are mixed amid a similar performance in Tocom rubber, which is erasing earlier losses in the night session as market sentiment has improved after¬†IRCo¬†urged producers not to sell at “unreasonably low” prices.

“I think prices have hit the bottom and are well-supported at these levels,” says a Singapore-based dealer.

Indonesia’s SIR20 changes hands around $1,930/ton, FOB, for April shipment from Belawan.Malaysia’s SMR20 was traded at $2,040/ton, FOB.

Dow Jones

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