S'pore rubber market quiet<\/p>\n
SINGAPORE (Reuter): Singapore rubber futures were marked
\nhigher by midsession yesterday but trading was quiet with most
\nhouses closing early ahead of the long New Year holiday.<\/p>\n
Traders said firm sentiment on the cash market on pre-holiday
\nshortcovering helped futures prices.<\/p>\n
Some dealers scrambled to buy Indonesian SIR20 rubber to cover
\ntheir positions during the long holiday closure. Persistent rains
\nin growing areas especially in Malaysia also provided further
\nbackground support.<\/p>\n
\"SIR20 moved up on dealer covering in view of the holidays,\"
\none said. \"We are also seeing more rains in Malaysia.\"<\/p>\n
They heard Feb SIR20 changing hands at between 71.50 and 72
\nU.S. cents a lb overnight.<\/p>\n
Traders said China was not in the market yesterday although
\none trader said Chinese buyers did buy some Thai Feb RSS3 rubber
\nat 157 U.S. cents a kg overnight.<\/p>\n
By 0445 GMT, Feb RSS3 was valued at 159 U.S. cents a kg
\nagainst 157.75 U.S. cents last settled.<\/p>\n
The local market will be closed on Monday for New Year
\nholiday, reopening on Tuesday.<\/p>",
"url": "https:\/\/jawawa.id\/newsitem\/spore-rubber-market-quiet-1447893297",
"image": ""
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"sponsor": "Okusi Associates",
"sponsor_url": "https:\/\/okusiassociates.com"
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