SICOM rubber factors to watch for Thursday, August 23

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  • SICOM was closed for a public holiday in Singapore on Wednesday.
  • TOCOM August rubber futures rose 5.9 yen to 178.7 (US$1.62) per kg, a two-month high.
  • India’s southwestern state of Kerala is recovering from torrential rains, with rubber production expected to fall 13.5 percent from a year ago to 600,000 metric tons for the year ending March 31, 2019, according to the Cochin Rubber Merchants Association. Kerala accounts for about 85 percent of Indian domestic rubber production.

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