The front-month May contract on Singapore’s SICOM exchange was last traded at 249.5 US cents per kg, down 7 cents. “Investors liquidated contracts ahead of the weekend to avoid risks as rubber demand remained poor and prices failed to break above the 265 resistance,” said a Bangkok-based dealer. Dealers said a weak demand outlook for oil was another negative factor that weighed on TOCOM prices.
Muhammad Ramzan Rafique
I am from a small town Chichawatni, Sahiwal, Punjab , Pakistan, studied from University of Agriculture Faisalabad, on my mission to explore world I am in Denmark these days..