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Rubber Futures Bounce On Prospect Of Producer Action

9 October 2014, 13:44 SEAST

Tocom RSS3 rubber futures end higher on the prospect of collective producer action to restrict supply.

The upside however is limited with the market skeptical about the impact.

“Such announcements require collective action to enforce and from past instances, we don’t see market participants being able to collaborate effectively,” says a Singapore-based trader.

Benchmark March rubber trades 1.2 yen higher at Y182.3/kg.
– Dow Jones

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