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Aug 10: Tocom Rubber Settles Up;May Move In Y190-Y200 Range

[Dow Jones] Tocom RSS3 rubber futures settle up on expected higher sales of automobiles in U.S., weaker yen, concerns that typhoons may hit output in Vietnam, China, traders say; lower crude oil earlier caps gains. “Rubber is mainly supported by the currency market today,” says trader in Tokyo. Traders expect prices to move in Y190-Y200 range in near term. Benchmark Tocom January RSS3 contract settles Y4.5 higher at Y196.4/kg. (SAM)

Source: Dow Jones

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This entry was posted on Monday, August 10th, 2009 at 4:37 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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