Tocom Rubber Drops; No Intervention Yet On Outlook – IRCo
Tocom Rubber Drops; No Intervention Yet On Outlook 21 April 2014, 14:03 SEAST Tocom rubber futures settle 2.4% lower after hitting a fresh four-and-a-half-year low amid cut-loss selling and a decline in Shanghai rubber. IRCo chief executive Yium Tavarolit says the major producing countries of Thailand, Indonesia and Malaysia have discussed the selloff, which they are attributing to global […]
Asian Physical Rubber Prices Down; Producers Hold Back
Asian Physical Rubber Prices Down; Producers Hold Back 21 April 2014, 16:55 SEAST Asian physical rubber prices are lower amid the slump in rubber futures. “It’s a scary market out there,” says a Singapore-based dealer. There aren’t many trades done as several buyers are out bargain-hunting, but to no avail, as producers […]
Asian Rubber Slumps; Intervention Not Yet Under Consideration
Asian Rubber Slumps; Intervention Not Yet Under Consideration 21 April 2014, 17:55 SEAST Asian rubber slumped Monday, with the benchmark contract in Tokyo falling to fresh four-and-a-half year lows as investors rushed to cut their losses in a second straight day of selloff. Benchmark September natural rubber on the Tokyo Commodity Exchange settled 2.4% […]