Tocom rubber futures settle 0.4% lower in a day of slow, rangebound trade amid a lack of strong cues. With Thailand closed for a public holiday Friday, trade is winding down ahead of the weekend and may continue to be slow, says a trader in Bangkok.
Most traders are pegging key support at the psychological Y200/kg support–which can be easily breached due to an overall weak market, says an analyst in Tokyo. Benchmark December rubber settles Y0.9 lower at Y201.2/kg, after moving in the Y200.7-Y203.0/kg range.
Source: Dow Jones