DJ Tocom Rubber Settles Lower in Range-Bound Trade -- Market Talk
Tocom rubber futures settle slightly lower in a day of range-bound trade with prices unable to near the Y200/kg resistance while further downside is limited as physical-rubber production has slowed considerably this year in a depressed market. Prospects of an annual surplus and sluggish demand underpin weakness in rubber prices, which are unlikely to gain upward traction until some strong pickup in buying interest is seen, says a Singapore-based trader. Benchmark January rubber settles Y0.5 lower at Y196.9/kg, after moving in the narrow Y196.0-Y198.5/kg range. (huileng.tan@wsj.com; Twitter: @huileng_tan)
??�: Dow Jones Newswires
