Tocom benchmark RSS3 rubber futures are flat after a brief foray into the positive zone earlier asShanghai is posting losses.
Tocom’s losses, however, are likely limited as the futures were far oversold earlier, traders say; some support also came after IRCo announced earlier this week that it is encouraging producers not to sell at “unreasonably low” prices.
Benchmark July rubber trades Y0.2 lower at Y288/kg, after moving in the Y255.8-Y230.7/kg range.
Dow Jones
