DJ Tocom Rubber Settles Slightly Lower; Y200/Kg Support -- Market Talk
Tocom rubber futures settle slightly lower as cautious investors square off positions ahead of a long weekend in Japan. Traders say despite short-term corrections, sentiment on Tocom remains weak as there are no strong leads driving the market; even though physical raw material supply is tight, end consumers are still able to get their hands on rubber, so prices are getting little upside. A trader in Thailand says Tocom may breach the psychological Y200/kg in the night session on continued risk aversion. Tocom will be closed Monday for a public holiday. Benchmark December rubber settles Y0.7 lower at Y202.2/kg. (huileng.tan@wsj.com; Twitter: @huileng_tan)
??�: Dow Jones Newswires
