Tocom rubber futures settle 2.9% lower as China demand concerns weigh; Bangkok-based DS Futures analyst Chaiwat Muenmee says slow China 1Q GDP data looms over prices and Tocom may move to test Y240/kg support this month; “The RSI, however, indicates Tocom is oversold, so we may see some technical rebound after that,” he adds. Benchmark September rubber settles Y7.2 lower at Y245.2/kg, off fresh five-month low of Y242.6/kg.
Source: Dow Jones
