Bellwether Tokyo and Shanghai rubber futures were in a downward trend during the week mainly caused by weak rubber market sentiment, while field latex price in Thailand moved up because of supply tightness in the field.
IRCo announced that it would work closely with ANRPC to resolve a problem of discrepancies in rubber data and statistics. This will lead to correct judgment by market players and investors on rubber futures in particular.
Supply tightness of natural rubber (NR) in Thailand, Indonesia, and Malaysia currently lends support to NR prices on physical rubber markets in Asia amid weak rubber market sentiment and a move of weird rubber futures in the region.
Source: IRCo
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