Tocom Rubber Ends Lower Ahead Of Meeting
31 March 2015, 15:19 SEAST
Tocom rubber settles lower due to the lack of market confidence even amid the low-production season.
International Rubber Consortium chief executive Yium Tavarolit says in a market report that senior rubber officials from the major producing countries of Thailand, Indonesia and Malaysia will meet Wednesday to discuss ways to establish a common market to facilitate better price discovery.
Benchmark September Tocom rubber settles Y2.1 lower at Y205.9/kg.