Rubber futures and physical rubber markets in Asia retreated from their improvement in the previous week as investors were concerned about the news on the decision to release of 200,000 ton of rubber stocks by the Thai government and weak Shanghai stocks.
However, an upbeat Wall Street, a weak yen against the dollar, and a rebound of oil prices could lend some support to the rubber futures and physical rubber markets in the region and therefore preventing it from falling too deeply.
It is expected that the rubber futures and physical rubber markets in the region would be rangebound in the coming week as investors still monitor the movement of rubber fundamentals and sentiment closely.
– IRCo
