Tocom rubber futures settle 3.1% higher after gaining as much as 3.9% due to encouraging U.S. growth and jobless claims data Thursday. Meanwhile, HSBC”s China September PMI Index is steady vs. August, helping to assuage concerns that growth might be slowing sharply in the world”s largest consumer and importer of natural rubber. Tocom may trade in a wide Y290-Y320/kg range next week, as China will be on weeklong public holidays. “Tocom may trade with an upward bias due to buy orders after testing the key Y290/kg support this week,” says a trader in southern Thailand. Tocom has fallen 9.3% since last Friday in tumultuous trading. Benchmark March rubber settles Y9.3 higher at Y310.8/kg, off the intraday high of Y313.3/kg.

Source: Dow Jones

RSS3 rubber on the Agricultural Futures Exchange of Thailand settles a tad higher, with prices picking up later in the trading day on cues from higher crude-oil prices during Asian trading hours. The rubber market may remain volatile in the next session, tracking external cues, a trader says. The new benchmark AFET May RSS3 contract settles THB0.4 higher at THB129/kg, which is also the intraday high.

Source: Dow Jones