This entry was posted on Friday, August 14th, 2009 at 8:06 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 slightly lower on pre-weekend profit taking, stronger yen, traders say. “There has been some liquidation of long positions ahead of the weekend but the small scale of decline indicates that overall fundamentals are still strong,” says broker in Japan. Yen strengthened again, leading to minor correction in rubber prices, says exporter in Singapore. Yen hovering around Y95.35 against USD; analysts expect it to fall below Y95, even towards Y94 in near term. Benchmark Tocom January RSS3 rubber contract ends Y0.9 lower at Y208.1/kg. (SAM)
Source: Dow Jones