Asia rubber futures settle higher
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Asian rubber futures settled mostly higher Thursday, with sentiment lifted by gains in precious metals and bullish fundamentals, traders said. On TOCOM, rubber futures settled higher, with rain and flooding in southern Thailand's key producing regions, coming at a time when supply is already low, adding to existing supply worries, said a trader. TOCOM is likely to find psychological support at Y310 a kg and resistance at around Y322-Y324/kg, the trader said. TOCOM's benchmark October RSS3 contract settled at an 11-week high of Y316.7/kg.
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Source : Business Line |
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