This entry was posted on Wednesday, August 26th, 2009 at 8:37 am 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.
TOKYO, Aug 25 (Reuters) – The August rubber futures contract on the Tokyo Commodity Exchange expired on Tuesday at 197.2 yen per kg, up 1.8 yen on the day, with 164 lots or 820 tonnes of deliveries.
Last month, the July contract expired at 177.5 yen per kg with 460 lots or 2,300 tonnes of deliveries, which marked the highest delivery amount since January 2007.
Some traders had feared there might be a fall in the August contract on last-minute selling at the expiry on Tuesday. But that did not happen as bullish players decided to receive deliveries, instead of reducing their long positions.
In May, TOCOM introduced a new trading system and stopped disclosing the names of firms involved in deliveries and started giving just the total lots delivered and the price at which deliveries are made.
Source: Reuters