TOCOM rises despite drop in Shanghai futures on Mar. 4
Tokyo Commodity Exchange (TOCOM) futures, which set the tone for rubber prices in Southeast Asia, rose on Monday despite a fall in Shanghai rubber futures
The benchmark Tokyo Commodity Exchange (TOCOM) rubber contract for August delivery finished 2.2 yen ($0.0197) higher at 206.2 yen per kg
The most active rubber contract on the Shanghai futures exchange for May delivery fell 155 yuan ($23.13) to finish at 12,495 yuan per tonne
*”Support from favourable news earlier from Sino-U.S. trade talks has basically been released. Rubber prices are expected to remain weak if there’s no other major news,” said Cao Lu, senior analyst with Orient Futures
TOCOM’s technically specified rubber (TSR) 20 futures contract for September delivery closed up 1.9 yen at 174.3 yen per kg
The front-month rubber contract on Singapore’s SICOM exchange for April delivery last traded at 149 U.S. cents per kg, down 0.3 percent.
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