Asian spot rubber prices drop rubber futures fell

According to reports, spot rubber prices in Asia fell, following the decline in TOCOM rubber futures. A Bangkok-based trader said the impact of the Fed’s assertion on Wednesday that it would maintain low interest rates until the end of 2014 was offset by renewed worries over the euro zone’s debt problems.

Everyone is concerned about Greece, which is expected to meet with private sector creditors again on Friday night to discuss the 100 billion euros debt write-down.

Traders said that the RSS3 rubber for March shipment was US$4,020 per ton, FOB Bangkok.

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