| Tocom rubber futures settle slightly lower after testing the key Y250/kg support level in early trade, as China's 4Q GDP came in stronger than expected, official data show Monday. Still, current rubber prices are weak considering that the low-production season is coming up next month, so any upside may be limited due to a lack of strong bullish factors, says a Bangkok-based trader at a major exporter, tipping trade in the Y250-Y260/kg range this week. Benchmark June rubber settles Y0.7 lower at Y252.3/kg, off the intraday low of Y249.2/kg. (huileng.tan@dowjones.com) |
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