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Apr 24: Tocom Rubber Settles Dn; May Stay Rangebound

[Dow Jones] Tocom rubber futures settle down though off intraday low, weighed down primarily by recent weakness in crude oil prices, firmer yen vs dollar, generally weak supply, demand fundamentals. Tocom expected to remain in narrow Y150-Y160 range in coming sessions amid current lack of firm rubber specific direction, say market observers. New benchmark October RSS3 contract, which began today, settles at Y158/kg after opening at Y159.2/kg. (ANJ)

Source: Dow Jones

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« Apr 23: Tocom Rubber Settles Up, But Crude May Cap Rise
Apr 24: Asia rubber producers eye futures mkts to boost price »

This entry was posted on Saturday, April 25th, 2009 at 9:31 am 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.

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