Rubber futures in Asia retreated during the week due mainly to a continued fall in crude oil prices, stronger yen against the dollar, volatile global stock markets, and traders were on the sidelines in order to see clearer cues.
On the contrary, physical rubber markets in the region were mostly rangebound contributed by tight rubber supply resulted from the recent heavy floods in southern Thailand and northernMalaysia.
It is expected that rubber prices to be rangebound in the coming week as traders and investors are awaiting a clearer direction of the global economy for this year.
– IRCo
