This entry was posted on Thursday, May 21st, 2009 at 4:26 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 mostly lower in very thin volume, with just 2,327 lots done, inclusive of last night”s session. Firmer yen vs dollar, decline in regional equities main factor pressuring market lower today, says Shuji Sugata, analyst with Mitsubishi Corporation Futures. Adds, outlook remains generally weak due to lack of supportive supply, demand fundamentals, though recent firmness in crude oil prices likely to help cushion fall. Benchmark October RSS3 contract settles Y2.4 lower at Y162.5/kg. (ANJ)
Source: Dow Jones