Tocom Rubber Higher; Fundamentals In Focus

 

27 January 2015, 09:22 SEAST

 

Tocom RSS3 rubber futures are higher, breaching the Y200/kg psychological resistance as seasonal supply concerns support.

 

International Rubber Consortium chief executive Yium Tavarolit says in a note that fundamentals will dominate rubber market sentiment this week after the Thai government’s THB25 billion rubber support program announced last week.

 

Benchmark July rubber trades Y4.0 higher at Y200.9/kg.