This entry was posted on Tuesday, March 3rd, 2009 at 4:43 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.
[Dow Jones] Tocom rubber futures settle lower as early weakness in crude oil prices, weak physical demand outlook spark another round of selling, despite weaker yen vs dollar. Overall outlook weak with market expected to find mild support only from seasonal low supply in key producing countries; but focus now turns to whether market can hold above Y130/kg psychological support in coming days, with breach likely to pave way for test of next downside target at Y124.2/kg, market observers say. Benchmark Aug RSS3 contract settles Y3.2 lower at Y130.7/kg. (ANJ)
Source: Dow Jones