This entry was posted on Wednesday, March 4th, 2009 at 8:28 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 higher as weaker yen vs dollar sparks short covering, though outlook remains same with weak fundamentals expected to cap upside, says trader in Japan. Volume very thin with just 12,580 lots done; Tocom likely to continue trading in Y130-Y140 range in coming sessions, pending fresh leads, while market will continue taking leads from external factors, primarily crude oil prices, dollar/yen fluctuations, equity markets, trader says. Benchmark August RSS3 contract settles Y3.8 higher at Y134.5/kg. (ANJ)
Source: Dow Jones