SICOM rubber factors to watch for Friday, August 31

Singapore container portSingapore’s container port
  • The SICOM front-month contract settled down 0.2 percent to 132.4 U.S. cents per kg.
  • TOCOM February delivery rubber futures ended up 1.4 yen to 173.9 yen (US$1.56) per kg.
  • Malaysian markets are shut for a holiday.
  • Markets are looking at manufacturing PMIs from China for August for the demand direction.
  • China reports official PMI manufacturing data with a reading of 51 expected for August, a slip from 51.2 in July. Non-manufacturing PMI for August is seen at 53.8, down from 54.0 in July.
  • The private Caixin PMI survey is due to be released on September 1 with a reading of 50.6 expected for August, down from 50.8 in July.

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