Asian Rubber Settles Flat


11 March 2015, 17:53 SEAST


Asian rubber settled flat Wednesday on weak trading sentiment, as demand concerns weighed.


Benchmark August natural rubber on the Tokyo Commodity Exchange settled Y0.2 lower at Y208.5 a kilogram, even though it is the low-production season.


International Rubber Consortium chief executive Yium Tavarolit said investors are taking short positions as the market is sentiment-driven and taking external-news cues instead of focusing on fundamentals.


August Tocom rubber closed Y1.0 higher at Y209.5/kg in the night session, which is considered part of the next trading day.


Spot trade was also slow.