SICOM rubber factors to watch for Wednesday, August 29

ComfortDelGro taxiComfortDelGro taxi

* – The SICOM front-month contract settled at a two-week low of 135.1 U.S. cents per kg, down 1.6 percent.

* – TOCOM February delivery rubber futures ended at a one-week low of 172.2 yen (US$1.55) per kg, down 1.6 percent in the fresh front-month contract’s debut.

* – Higher supplies in China are offsetting an expected drop in production in southern Indai after heavy rains this month in Kerala.

* – There was some support after data from key producer and user Thailand on Tuesday showed the manufacturing index in July rose 4.6 percent from a year earlier, helped by higher production of cars.

Get Shenton Wire headlines in your inbox