The rubber prices showed a mixed mood on Tuesday. The market appeared missing its direction as the domestic and international prices reached almost the same levels. Rubber RSS 4 moved down to Rs 89 from Rs 90 a kg on Monday.
The key Tokyo rubber futures rose on today in a technical rebound after demand worries spurred a sharp sell off over the previous two days.
Tokyo Commodity Exchange:
Rubber for March 2009 delivery traded at 163 yen per kilogram, 3.8 yen up.
Japans’s largest automaker Toyota motor corporation said on Monday its global output fell 2.9% in September.
Tokyo benchmark Nikkie average fell one percent on Tuesday, a day after hitting a 26-year closing low.
In physical rubber market, prices firmed given reduced supply due to rains in the main producing region in Thailand.
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