[Dow Jones] Tocom rubber futures settle mostly lower in sluggish, rangebound session with prices drifting between positive, negative territory amid lack of clear direction; Tocom failed to breach closely-watched Y220/kg resistance despite numerous attempts this week. Overall sentiment remains firm, however, with rubber futures likely to continue finding support from recent gains in crude oil prices, tight physical supply due to wintering in Sumatra, rain-induced tapping delays in Thailand, says trader. Benchmark March RSS3 contract settles Y1.5 lower at Y212.8/kg. (ANJ)

Source: Dow Jones

[Dow Jones] Asian cash rubber prices decline in line with weaker futures, despite recent strength in crude oil prices, tight physical supply, traders say. “The recent lack of clear direction has damped consumer buying interest and trade has been slow today. But I don”t think cash prices will fall too much below current levels for now as raw material prices are still very high, which means processors are unable to adjust their prices much lower,” says trader in Singapore. For a daily breakdown of cash prices for all rubber grades, keyword search ASIAN PHYSICAL RUBBER PRICES to see the item. (ANJ)

Source: Dow Jones

[Dow Jones] Physical prices of Thai USS3 rubber ease, in line with futures, weaker physical markets, though supply still thin due to rain-induced tapping delays in southern Thailand, says trader in Phuket. Adds buying interest muted ahead of weekend, while lack of clear direction also damps buying interest today, though firm crude oil prices likely to limit potential for further downside. Thai USS3 traded on Hat Yai Central Market at THB74.39/kg vs THB74.87/kg yesterday. (ANJ)

Source: Dow Jones

[Dow Jones] Physical prices of Thai USS3 rubber move marginally higher, supported by tight supply, ongoing rain-induced tapping delays in key southern plantation regions, says trader. USS3 traded on Hat Yai Central Market at THB74.87/kg vs THB74.27 yesterday. (ANJ)

Source: Dow Jones

[Dow Jones] Asian cash rubber prices move higher, despite decline on bellwether Tocom, with focus still on tight supply due to wintering season in Sumatra, rain in southern Thailand, traders say. “Supply is tight, particularly out of Indonesia due to wintering. There”s still buying interest from the big tire companies, but China haven”t come back into the market since the holiday, as they can get TSR20 grade around $10-$20 a ton cheaper from bonded (domestic) warehouses,” says trader in Singapore. For a daily breakdown of cash prices for all rubber grades, keyword search ASIAN PHYSICAL RUBBER PRICES to see the item. (ANJ)

Source: Dow Jones