Rubber Tokyo futures dropped 1.5% on Wednesday. Lower crude oil prices and rising supply from Thailand is all behind the downward trend of rubber future.
Cheaper crude oil prices may alter synthetic rubber production. Asian physical rubber prices is pressured by a decline in futures contract prices on the Tokyo commodity exchange , but lingering supply tightness provided support.
Tokyo Commodity Exchange:
Rubber for January 2009 delivery traded at 329 yen per kilogram, 2.7 yen down.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment