Tokyo and Shanghai rubber futures and physical rubber markets in Asia stayed in an upward trend during the week mainly supported by a weakened yen against the dollar, a release of strong Chinese manufacturing data in August, and a prolonged protest by Thai rubber farmers even though there was some profit-taking on Tokyo rubber futures on Wednesday and Friday.
Rubber prices in the region are expected to stay in an upward trend further in the coming week as rubber market fundamentals stay rather firm, and investor confidence is improving on the back of a steadily global economic improvement.
Source: IRCo
