This entry was posted on Tuesday, July 28th, 2009 at 6:42 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.
[Dow Jones] Tocom rubber futures settle lower on technical selling but off lows; near-term outlook still positive. “There has been some profit-taking, but fundamentals are still strong,” says trader in Singapore; adds prices may rise above Y190/kg in near-term. Limited supplies, concern over adverse weather are supportive for prices, says exporter in Malaysia. New benchmark January RSS3 contract settles at Y189/kg vs opening price of Y190 after hitting intraday low of Y185.5/kg. (SAM)
Source: Dow Jones