TOKYO (Commodity Online): With the rising worries over Euro zone crisis and weak overall global economy, Rubber futures in India’s National Multi Commodity Exchange (NMCE) and in Tokyo Commodity Exchange (TOCOM) dropped on Monday.
In NMCE, rubber for August delivery traded lower at Rs 19425 per qtl and in TOCOM, the commodity for October Delivery traded down 1.7 yen to 243.3 yen per Kg.
According to reports, the investors in Europe have restricted their investment activities over riskier assets on the rising worries over Euro zone crisis.
In addition, poor PMI data for China, lower manufacturing data for US and slow growth in India has put pressure over the rubber prices.
In NMCE, rubber for June delivery traded at Rs 19289 per qtl and in TOCOM, the commodity for October Delivery traded down 2.8 yen to 243.1 yen per Kg on 4th June at 14:15.
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