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Feb 10: Tocom Rubber Settles Mostly Down; Mkt Rangebound

Tocom rubber futures settle mostly a tad lower in very thin, rangebound trade with participants opting for sidelines amid general lack of firm leads, trader says. Adds focus remains firmly on demand side; Chinese in spot market every day, but cash prices have been holding steady, indicative that supply and demand are relatively evenly balanced – despite the onset of the wintering season; Tocom expected to remain in narrow Y141-Y150 range in coming sessions, pending fresh leads, trader says. Benchmark July RSS3 contract settles Y0.3 higher at Y144.8/kg. (ANJ)

Source: Dow Jones

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Feb 11: Thai USS3 Rubber Prices Rise; Wintering Supports »

This entry was posted on Tuesday, February 10th, 2009 at 7:23 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.

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