Key TOCOM rubber futures slid for a sixth straight session on Tuesday in range-bound trade as worries over a slow recovery of the global economy capped rises, but falling supply provided support. "Sentiment is not strong, but falling supply and caution that the Thai government may step in to prop up prices prevented further selling," said Naoki Asami, chief broker at trading house Kanetsu.
The key Tokyo Commodity Exchange rubber contract for September delivery ended down 2.7 yen or 0.8 percent at 322.2 yen per kg. The benchmark contract has been locked in a range of 320-335 yen since late March. The most active Shanghai rubber contract for September delivery closed up 120 yuan at 27,320 yuan per tonne. The front-month rubber contract on the SICOM in Singapore traded at 372 US cents per kg, up 0.6 cent. The Society of Indian Automobile Manufacturers said on Tuesday car sales in India are seen growing 10 to 12 percent in the financial year that ends in March 2013.
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