Rubber futures and physical rubber markets in Asia were rangebound during the week as investor confidence and technical charts did not lend support to market sentiment that convinced market players on rubber futures to stay on the sidelines and rubber manufacturers to buy hand to mouth.
Rubber markets in the region are expected to remain subsided in the coming week as there are no clear economic cues from the White House even though the U.S. Federal Reserve later in the week pledged to continue its bond buying.
At the same time, global investors are keeping eyes on the People’s Bank of China’s lending credit policy whether it will tighten or loosen its grip in the fourth quarter of this year and the coming year.
Source: IRCo
