This entry was posted on Thursday, March 12th, 2009 at 9:18 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.
Tokyo, March 12 (Jiji Press)–Rubber futures on the Tokyo Commodity Exchange hovered at
lower ground amid long liquidation Thursday afternoon.
The benchmark, most distant August 2009 contract fell 3.5 yen from Wednesday to 134 yen per
kilogram at 3:45 p.m. Contracts from March to July were 3.0-4.6 yen lower.
Long liquidation was dominant at the opening following declines in oil and precious metals
futures and the yen’s climb against the dollar. Rubber futures resisted further declines after the
opening. But active buying was held in check toward the morning close. The March contract was
the sole gainer at the morning close. But all contracts slipped into minus territory in the afternoon
as selling became dominant.
Source: Jiji Press