Asian rubber settled flat Wednesday on weak trading sentiment, as demand concerns weighed.
Benchmark August natural rubber on the Tokyo Commodity Exchange settled Y0.2 lower at Y208.5 a kilogram, even though it is the low-production season.
International Rubber Consortium chief executive Yium Tavarolit said investors are taking short positions as the market is sentiment-driven and taking external-news cues instead of focusing on fundamentals.
August Tocom rubber closed Y1.0 higher at Y209.5/kg in the night session, which is considered part of the next trading day.
Spot trade was also slow.
– IRCo
