Rubber markets in Asia moved upward early in the week on the back of investors’ optimism about an agreement to end the U.S. fiscal impasse on Thursday and active buying on Shanghai rubber futures.
Nonetheless, the rubber markets in the region reversed their upward trends later in the week in the wake of a stronger yen against the dollar and a fall in crude oil futures despite senate leaders reached an agreement to end the fiscal impasse on Thursday.
The rubber markets in the region should improve further in the coming week as investor confidence has returned.
Source: IRCo
