This entry was posted on Monday, February 16th, 2009 at 7:06 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 lackluster, rangebound trade with just 10,580 lots traded as market still in need of firm direction. Recent onset of wintering season in world”s largest, third-largest producing countries – Thailand, Malaysia – likely to help support cash market in coming weeks, though sluggish demand outlook to continue limiting upside potential, says trader. Adds, Tocom expected to continue trading in narrow Y140-Y145 range in coming sessions, pending fresh leads. Benchmark July RSS3 contract settles unchanged from Friday”s close at Y143.6/kg; all other contracts end marginally lower except spot February, which ends up Y0.2 at Y133.2/kg. (ANJ)
Source: Dow Jones