Asian physical rubber prices are mixed amid a similar performance in Tocom rubber, which is erasing earlier losses in the night session as market sentiment has improved after IRCo urged producers not to sell at “unreasonably low” prices.
“I think prices have hit the bottom and are well-supported at these levels,” says a Singapore-based dealer.
Indonesia’s SIR20 changes hands around $1,930/ton, FOB, for April shipment from Belawan.Malaysia’s SMR20 was traded at $2,040/ton, FOB.
Dow Jones
