Asian physical rubber price

Asian physical rubber was quoted lower on Tuesday despite small gains in futures contracts on the Tokyo Commodity Exchange. Trading was thin with buyers on the sidelines after prices rose in line with TOCOM's 2 percent jump on Monday, traders said.
"Buyers are holding orders back, waiting to buy when prices drop," one trader said. However, physical prices were unlikely to fall significantly as demand remained strong and rain in Thailand, the world biggest rubber producer, was likely to trim supply this week, traders said.
Monsoon rains hit Thailand's Andean coastal areas, one of the main rubber growing area, causing floods and disrupting tapping. But supply was not expected to fall sharply as there was no rain on the Gulf of Thailand coast, another major rubber growing area, allowing farmers to tap as usual, traders said.