Rubber prices fall again

Rubber prices fall again

SINGAPORE (AFP): Singapore's rubber futures prices ended lower in line with the Japanese markets, which finished slightly down after a strong opening, dealers said yesterday.

"The markets in Tokyo and Kobe opened three yen higher from their overnight closing levels but there was no buying interest and they finished one yen lower when sellers came out in full force at the final bell," a dealer said.

He added that after a quiet morning traders here became cautious and prices dropped about three cents from the previous day's close as sellers found little buying interest.

At 0945 GMT Basis September RSS 1 was traded at 204.00 Singapore cents, after hitting a high of 207.00 Singapore cents at the opening while Basis October RSS 3 was marginally down at 125.50 U.S. cents.

TRS 20 September was traded at 183.00 Singapore cents.