This entry was posted on Monday, January 26th, 2009 at 4:18 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 mostly higher in thin volume, with holidays across region damping interest. Recent reports major producing countries will cut exports in 2009 to shore up prices, gains in other Tocom commodities – notably metals – spur short covering, though Tocom rubber likely to find strong psychological resistance at Y140/kg, barring fresh bullish news, says trader. Benchmark June RSS3 contract settles Y3.8 higher at Y138.6/kg. New July benchmark begins Tuesday. (ANJ)
Source: Reuters