• Home

  • Rubber

  • Plastic

  • Contact

Search:

Dec 12: Tocom Rubber Settles Dn; Holds Above Key Y100/Kg

Tocom rubber futures settle lower though rebounds off Y100/kg, indicates market may have found a floor at that level, says trader in Tokyo. “We”ve had a few tests of the Y100/kg mark in recent weeks and it appears to be holding. It”s too early to says that”s a floor as there is a lot of uncertainty around, but it didn”t break this afternoon, despite all the bearish news, which is a good sign.” Automakers bailout collapse, weak crude oil prices, strong yen vs dollar factors for today”s fall, trader says. Benchmark May RSS3 contract settles Y4.2 lower at Y105.8/kg. (ANJ)

Source:  Dow Jones Newswires

Share this:

  • Twitter
  • Facebook

« Dec 11: Tocom Rubber Settles Down; Range Trade Expected
Dec 15: Tocom Rubber Settles Up; Auto Woes May Cap Rally »

This entry was posted on Saturday, December 13th, 2008 at 9:46 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.

Comments are closed.


  • Useful Links

    • Physical FOB Price
    • SHFE Rubber Price
    • SICOM Rubber Price
    • TOCOM Rubber Price
www.uyong.com
© copyright 2008
Entries (RSS)