[Dow Jones] Asian cash rubber prices rise but trading very light due to closure of bellwether Tocom for public holiday in Japan, traders say. Sicom, SHFE both rangebound, provide little in way of direction, says trader in Singapore. Adds raw material availability now very tight as producers continue holding back stock to try and bolster market following recent price collapse. “Processors are now having big problems securing materials. As well as the hoarding that”s going on (among producers), prices have fallen to levels where its not viable and farmers have been forced to lay off tappers, which is adding to the situation,” trader says. However, consumption remains low due to slowing physical demand, meaning gains may be short-lived.

Source:  Dow Jones

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