Tocom Rubber Up Amid Tight Supply, Weak Yen And Firm Oil Prices
13 May 2015, 08:22 SEAST
Tocom rubber futures are higher amid the low-production season and as prices continue to stabilise after gains in the last few weeks.
International Rubber Consortium chief executive Yium Tavarolit says in his weekly market report that tight supply, the weak Japanese yen, firm oil prices and China’s weekend rate cut will lend support to prices this week.
Benchmark October Tocom rubber trades Y1.4 higher at Y225.3/kg.