Tocom Rubber Higher; Fundamentals In Focus
27 January 2015, 09:22 SEAST
Tocom RSS3 rubber futures are higher, breaching the Y200/kg psychological resistance as seasonal supply concerns support.
International Rubber Consortium chief executive Yium Tavarolit says in a note that fundamentals will dominate rubber market sentiment this week after the Thai government’s THB25 billion rubber support program announced last week.
Benchmark July rubber trades Y4.0 higher at Y200.9/kg.