Tocom rubber futures settle 0.6% lower in a day of slow trade as China is closed for a public holiday.
Despite the weak yen, Tocom’s upside is limited at Y200/kg as the Thai junta is selling the country’s large stockpile and as Shanghai rubber has been weak, says a Tokyo-based analyst who pegs support at Y195/kg. Benchmark February rubber settles Y1.1 lower at Y196.6/kg, after moving in the Y196.1-Y198.0/kg range.
Source: Dow Jones
