This entry was posted on Thursday, June 25th, 2009 at 4:34 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 RSS3 rubber futures higher, rebounds as investors square-off short positions; recovery in crude oil prices also supportive. “Rubber was heavily oversold during the last few days. It is a technical rebound,” says Singapore-based executive at global trading company; adds, prices may recover further. Crude oil is higher during Asian trading hours and yen is staying above Y96 against USD, which is positive for near-term, says trader in Singapore. New benchmark Tocom RSS3 December rubber futures settles Y3.0 higher at Y157.5/kg. (SAM)
Source: Dow Jones