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.
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