Tocom RSS3 rubber futures fall in profit-taking after strong gains Tuesday, but the downside is so far limited to around Y260/kg support.
Lower physical stockpiles in China and Japan will cap the downside, says Kaname Gokon, deputy general manager at Tokyo-based commodity brokerage Okato Shoji Co.
However, gains may also be limited as the on-going U.S. government shutdown is likely to dampen sentiment and weigh on rubber prices this week, says International Rubber Consortium Chief Executive Yium Tavarolit.
Benchmark March rubber trades Y1.2 lower at Y263/kg, off the intraday low of Y261.2/kg.
Source: Dow Jones
