* Tokyo futures to trade in 202-210 yen/kg range
Tokyo rubber futures, which set the tone for tyre grade prices in Southeast Asia, could see some pressure from rising inventory in main consumer China. The most active January contract ended about 2 percent higher last week.
“I would say Tokyo rubber is a bit bearish. China won’t be supporting the market because rubber stocks are increasing,” said a dealer in Tokyo. “This week, I would expect the market to trade in a range of 202 to 210 yen.”
Rubber inventories in warehouses monitored by the Shanghai Futures Exchange rose 0.1 percent week-on-week, the exchange said on Friday.
(Editing by Muralikumar Anantharaman)
– Reuters
