Rubber prices seen firmer on lower output
Malaysian rubber prices are likely to trade steadier next week on expectations of lower production due to wet weather, dealers said.
They said the rainy season and tight supply in major producing countries like Indonesia, Malaysia and Thailand, encouraged traders to quote higher prices for the commodity. (more)
Rubber Gains to Two-Week High on China Stockpiles, Thai Supply
June 15 (Bloomberg) — Rubber climbed for a fourth day to a two-week high on optimism that low stockpiles in China, the biggest buyer, and limited supplies from Thailand improved the appeal of the commodity used to make tires.
Futures in Tokyo rose as much as 1.9 percent to the highest level since June 1 on speculation that Chinese buyers will soon accumulate rubber as stockpiles dropped to near the lowest in five months. (more)