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Investor concerns about the weakness of global economies and crude oil futures still weighed on rubber futures and physical rubber markets in Asia amid weak rubber market sentiment and technical charts during the week even thought the Japanese yen stayed rather firm against the dollar. That resulted in the narrow fluctuation on Tokyo rubber and Shanghairubber futures and physical rubber markets throughout the week.
Rubber markets in the region are expected to remain sluggish and subdued in the coming week as market sentiments and fundamentals have not shown any improvement, and Tokyoand Shanghai stock markets currently trend downward.
Source: IRCo
