Tocom Rubber Lower; Downside Limited On Producers Action


9 October 2014, 09:10 SEAST


Tocom RSS3 rubber futures are lower on a stronger yen, but the downside is limited on the prospect of coordinated producer action against prevailing low prices, which many say are below production costs.


Spot market trade remains slow, however, as buyers are looking out for a clear price trend amid the weak market.


Benchmark March rubber trades Y0.1 lower at Y181/kg.