The consecutive rise in the Japanese Nikkei 225 Index and the weak yen against the dollar throughout the week were the major positive factors which lent support to Tokyo rubber futures and other rubber futures and physical rubber markets in Asia amid the political tension Russiaand Ukraine and disappointing set of manufacturing figures from China.
On the production side, natural rubber (NR) production in Thailand, Indonesia, and Malaysiahave declined significantly during the week mainly due to severe dry weather in the rubber belts in the three countries.
Therefore, it is expected that NR prices will fluctuate in a certain range in the coming weeks.
Source: IRCo
