DJ Tocom Rubber Settles Higher; Y200/Kg Resistance
Tocom rubber futures settle higher tracking gains in Shanghai rubber and as a weak yen is supportive, although prices are well under the psychological Y200/kg level and near five-year lows on persistent weak sentiment amid forecasts of a supply surplus this year. Many traders are still bearish, as there are little signs of improving demand appetite even in the depressed market; "trade is very slow compared to this time in the last few years," says a trader in Singapore. Benchmark March rubber settles Y4.5 higher at Y185.4/kg. (huileng.tan@wsj.com; Twitter: @huileng_tan)
??�: Dow Jones Newswires
