DJ Tocom Rubber Settles Higher; Focus on Shanghai -- Market Talk
Tocom rubber futures settle 1.2% higher as Shanghai rubber gains Friday after three straight days of losses. The depressed market is affecting production. The Association of Natural Rubber Producing Countries says in its report released last week that global natural rubber production for the first eight months of 2014 dropped 1.7% on year, a factor that may put some supply-side pressure next year, say traders. Tocom will be closed Monday for a public holiday; it will likely take cues from Shanghai rubber when trade resumes Tuesday. Benchmark February rubber settles Y2.3 higher at Y190.2/kg, after moving in the Y187.2-Y191.8/kg range. (huileng.tan@wsj.com; Twitter: @huileng_tan)
??�: Dow Jones Newswires
