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Apr 27: Tocom Rubber Settles Dn; Y150-Y160 Range Expected

[Dow Jones] Tocom rubber futures settle lower as recent weakness in crude oil prices, firmness in yen vs dollar, generally bearish rubber demand fundamentals continue to weigh on sentiment. Further downside expected, though Tocom likely to remain in narrow Y150-Y160 range this week, pending fresh cues, says trader. Benchmark October RSS3 contract settles Y3.1 lower at Y154.9/kg. Volume thin with just 15,309 lots done. (ANJ)

Source: Dow Jones

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Apr 28: Asian Physical Rubber Mostly Flat; Firm Outlook »

This entry was posted on Monday, April 27th, 2009 at 8:42 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.

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