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Sept 16: Tocom Rubber Settles Dn Sharply; Feb At 5-Mo Low

[Dow Jones] Tocom rubber futures settle sharply lower, with most contracts at daily lower limits, benchmark at 5-month low, in line with other commodities, notably crude oil while surge in value of yen vs dollar adds further pressure, says trader in Tokyo. Adds market likely to find minor support only at Y280/kg, with Y266/kg looking probable, though that level also not seen as strong support if crude oil continues its decline. Benchmark February RSS3 contract settles Y16 lower at Y286.4/kg. (ANJ)

Source:  Dow Jones Newswires

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« Sept 15: Thai rubber exports returning to normal after strike
Sept 17: Tokyo rubber up 2 pct on AIG rescue reports »

This entry was posted on Tuesday, September 16th, 2008 at 8:17 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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