This entry was posted on Tuesday, August 11th, 2009 at 4:27 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 settle higher on strong demand in physical market, buying support from hedging. “It is not just China but strong buying from all over the world which is pushing up prices,” says exporter in Singapore. Some profit-taking likely near-term but technical support for prices exists at Y200/kg, says Singapore-based analyst. Physical sellers hedging positions on exchange. Benchmark Tocom January RSS3 rubber futures settles Y8 higher at Y204.4/kg after hitting year-to-date high of Y205.4.
Source: Dow Jones