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Sept 11: Tocom Rubber Settles Tad Down; Market Rangebound

Tocom rubber futures settle marginally lower in very thin, rangebound trade; market now in need of fresh incentives, says trader in Tokyo. Adds slightly weaker crude prices also seen as bearish factor for rubber. Market holding above Y300/kg psychological support may help bolster sentiment in near term, though that level not seen as strong support; breakthrough, test of Y290/kg possible in coming sessions. Benchmark February RSS3 contract settles Y0.2 lower at Y301.6/kg. (ANJ)

Source:  Dow Jones Newswires

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« Sept 11: Japan rubber stocks fall 4 pct in 10 days to Aug 29
Sept 12: Tocom Rubber Ends Midday Up; Firmer Crude, Supply »

This entry was posted on Thursday, September 11th, 2008 at 7:23 pm and is filed under Rubber News. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

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