Tocom Rubber Trades Higher On Rising Oil Prices
22 January 2015, 09:13 SEAST
Tocom RSS3 rubber futures are higher, with prices testing the Y200/kg psychological resistance before falling back.
An overnight recovery in crude-oil prices is helping, as are low rubber supplies.
International Rubber Consortium chief executive Yium Tavarolit says in a note that rubber prices will be influenced by external factors and not fundamentals this week due to macroeconomic uncertainty and weak investor confidence.
Benchmark June rubber trades Y3.3 higher at Y199.2/kg.