Asian Rubber Settles Higher; Shanghai Surges On Vietnam Supply Concerns
Asian Rubber Settles Higher; Shanghai Surges On Vietnam Supply Concerns 19 May 2014, 17:53 SEAST Asian rubber settled higher on Monday as Shanghai futures surged, amid concerns about Vietnamese rubber supply, according to traders. The continuing political tension between China and its southern neighbor saw China suspending some diplomatic contacts with Vietnam over the weekend. Benchmark September natural rubber on the Shanghai Futures Exchange […]
Tocom Rubber Settles Up; Thai Farmers Move To Halt Govt Sales
Tocom Rubber Settles Up; Thai Farmers Move To Halt Govt Sales 19 May 2014, 13:50 SEAST Tocom rubber futures settle 3.3% higher with prices getting a boost from strong gains in Shanghai rubber, which sent Tocom up to breach the previous Y205/kg resistance. IRCo chief executive Yium Tavarolit says on the organization’s website Monday that Thai […]