3 March 2014, 07:49 SEAST
Tocom benchmark rubber futures are lower due to concerns over China’s growth. The front month Tocom contracts however are slightly higher due to the low-production season.
IRCo says in a statement on its website that rubber associations of member countries, as well as Vietnam, are supporting its call to not sell rubber at prevailing low prices.
A trader in Thailand says IRCo’s statement is supportive for prices, although it’s unlikely that it will lift overall market sentiment.
Benchmark August Tocom rubber trades Y1.8 lower at Y223.2/kg, off the intraday low of Y222.2/kg.
Dow Jones
