Tocom Rubber Lower; To Remain Rangebound

3 September 2014, 09:13 SEAST

Tocom RSS3 rubber futures are lower in rangebound trade although the downside is relatively limited due to a weak yen and higher crude oil prices.

International Rubber Consortium chief executive Yium Tavarolit says in his weekly report that investors are concerned about news that the Thai junta is releasing the country’s larges stockpiles, but prices are likely to remain locked in range this week as investors continue to monitor fundamentals and sentiment.

Benchmark February rubber trades Y1.2 lower at Y199.0/kg, after trading in the Y198.3-Y200.6/kg range earlier today.