Tocom Rubber Settles Flat


22 July 2014, 13:45 SEAST


Tocom rubber futures settle flat in slow trade because of a lack of fresh cues and are likely to trade in a narrow range this week, International Rubber Consortium Chief Executive Yium Tavarolit says.


The rubber market is in the doldrums with prices around strong support at Y200/kg.


“There’s little upside or downside; there are just no factors right now to send prices either way,” a trader in Bangkoksays.


Benchmark December rubber settles Y0.1 higher at Y202.3/kg after moving in the narrow Y199.7-Y203.2/kg range.