Tocom Rubber Higher In Rangebound Trade


15 July 2015, 09:30 SEAST


Tocom rubber futures are higher in rangebound trade with prices supported by a weaker yen on euro-zone relief.


International Rubber Consortium chief executive Yium Tavarolit says in a note that the rubber market is likely to continue improving this week after Greece reached a fresh bailout deal with its creditors.


Supply is slow due to Ramadan, although that may pick up in the weeks ahead as the Muslim fasting month ends, say traders.


Benchmark December rubber trades Y1.0 higher at Y209.6/kg, after moving in the Y207.6-Y210.4/kg range.