This entry was posted on Tuesday, October 7th, 2008 at 9:09 am 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.
Tocom rubber futures fall by daily Y16 limit in afternoon session as funds continue unwinding positions amid increasingly bearish outlook, with global economic worries affecting sentiment throughout commodities complex, says trader. Adds further losses now likely, with breakthrough of next key psychological support at Y220 expected to pave way for test of October 2006 low of Y186.6/kg. At 0618 GMT, benchmark Mar RSS3 contract down Y16 at Y226.3/kg. (ANJ)
Source: Dow Jones Newswires