-8.1 C
New York
Friday, January 21, 2022

Tocom Rubber Flat; Downside Limited As Oversold, IRCo Supports

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 

Related Articles

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Stay Connected

11,075FansLike
12,893FollowersFollow
752FollowersFollow
- Advertisement -

Latest Articles

Popular Articles