Tocom Rubber On A Slow Train To Nowhere
10 December 2014, 08:44 SEAST
Tocom RSS3 rubber futures are lower as weak crude-oil and Shanghai rubber futures weigh, although the downside is limited to around 190 yen/kg after Tuesday’s slump.
International Rubber Consortium chief executive Yium Tavarolit says in a note that trade will likely be slow for the rest of the December ahead of year-end holidays.
Benchmark May rubber trades 1.7 yen lower at 191.9 yen/kg.