This entry was posted on Friday, January 30th, 2009 at 9:23 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 lower, weighed down by weak demand outlook on back of fresh bearish data from auto sector, generally weak crude oil prices, while early breach of previous Y140/kg psychological support also encourages sellers; volume thin with 23,089 lots done; focus now turns to Monday”s return of world”s biggest rubber consumer, China, following week-long holiday; Tocom likely to find immediate support at Y137.5/kg then Y134.8/kg, say market participants. Benchmark July RSS3 contract settles Y4.1 lower at Y138.2/kg. (ANJ)
Source: Dow Jones