Tocom rubber futures settle flat in a day of slow trade with investors cautious as fresh concerns over the situation in Ukraine prompted some risk aversion in the broader markets.
The rubber market has been plagued by weak sentiment after prices plunged 30% this year and investors are looking for reasons that may drive directions either way. Further downside is limited by supply constraints on producer reluctance to sell in a depressed market, while the upside is limited by the lack of bullish demand-side news. Benchmark January rubber settles Y0.2 lower at Y204.4/kg.
Source: Dow Jones
