Tocom rubber futures settle 2.1% higher in line with gains in Asian equities and as the yen weakens. Tocom may stay firm above the important Y270/kg level on demand from buyers on the spot market, says a trader in Bangkok.
“Raw material prices look like they’re going to stay firm with demand coming from all sides–shippers, dealers, end users,” he adds. Benchmark May rubber settles Y5.5 higher at Y272/kg–also the intraday and two-month high.
Source: Dow Jones
