IRCo's DCP plunged 13.07 US cents/kg. during the week under review as prices of major physical grades declined across the board dampened by sentiment on the futures market and buyers' expectations of increase in output as wintering in the major producing countries eased.
Positions liquidation ahead of the long labour holidays and profit taking on the TOCOM pushed down its rubber futures prices by more than 7% during the week.
On the physical front buyers were on the sidelines expecting prices to ease with the ending of wintering despite reports of slow recovery in output in the major producing countries concerned.
Regional currencies slipped against the greenback as opposed to the Japanese yen, whilst crude oil regained its position above the US $85 per barrel.
(Irco.biz)
Posts
0 nhận xét