This entry was posted on Thursday, December 11th, 2008 at 7:41 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.
Tocom rubber futures settle down in thin volume, with market still lacking firm direction, says trader. Adds focus remains on meeting of IRCo members in Java though impact of any market intervention measures decided by the producers group likely to be minimal; market now heavily oversold, slight rebound possible in near term but overall weak demand outlook likely to cap any significant gains, with trading expected in Y100-Y120 range in coming days. Benchmark May RSS3 contract settles Y2 lower at Y110/kg. (ANJ)
Source: Dow Jones Newswires