Rubber futures and physical rubber markets in Asia rose marginally from Monday through Thursday on the back of market concerns on supply tightness in rubber producing countries, which were heading into the dry wintering season in the coming month.
At the same time, the Thai Government has launched a 25 billion baht ($766.8 million) scheme to shore up domestic prices, and the European Central Bank (ECB) has launched the latest quantitative easing program amounting to 60 billion euro ($68 billion) on 22 January.
The above mentioned reasons outweighed the domination of the yen and crude oil movement on rubber futures in the region during the week amid the subdued rubber trading.
The rubber market in the region is expected to remain subdued, and market fundamentals are likely to dominate market sentiment in the coming week.
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– IRCo
