This entry was posted on Wednesday, January 21st, 2009 at 1:16 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.
[Dow Jones] Tocom rubber futures settle lower as recent weakness in crude oil prices, bearish fundamentals, recent firmness in yen vs dollar weigh, says trader. Adds recent reports of market intervention plans by major producing countries may offer mild support, though strong gains unlikely due to sluggish consumption outlook; Tocom likely to stay in Y145-Y155 range in near term, barring fresh leads. Benchmark June RSS3 contract settles Y2.2 lower at Y150/kg after dipping to intraday low of Y144.7/kg in morning session. (ANJ)
Source: Dow Jones