This entry was posted on Wednesday, May 20th, 2009 at 5:40 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 with most contracts marginally higher in very thin volume, with just 7,520 lots exchanged, amid continued lack of clear direction, says trader. Adds recent firmness in crude oil market main supportive factor, while steady cash rubber markets due to tight supply following recent wintering season in Thailand, Malaysia, which were closely followed by heavy rain, also lending mild support. Upside likely to be capped at Y166/kg technical resistance, barring fresh supportive leads. Benchmark October RSS3 contract settles Y0.1 higher at Y164.9/kg. (ANJ)
Source: Dow Jones