Tocom RSS3 rubber futures rise as much as 5.1% in early trade, catching up with gains in
other Asian rubber markets Monday when the Japanese bourse was closed for a public holiday. More upside is likely for
Tocom as major producers are also in low production season, says Bangkok-based DS Futures analyst Chaiwat Muenmee.
Strong physical market prices are also supporting the market, as spot supply is tight, says another trade participant in
Thailand. The benchmark Tocom August contract trades Y10 higher at Y418.6/kg, off its intraday high of Y429.6/kg.
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