Tocom Rubber Ends Up; Likely To Improve Into 1Q Of 2015
29 October 2014, 13:57 SEAST
Tocom rubber futures settle 1.1% higher as recent price-supportive moves by major producers continue to boost.
International Rubber Consortium chief executive officer Yium Tavarolit says rubber prices are likely to improve through the low-output wintering season in the first quarter of 2015 as market fundamentals and sentiment have improved on producer action, and as supply has fallen in the first nine months of the year on depressed prices.
Benchmark April rubber settles Y2.2 higher at Y199.5/kg.