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Aug 25: Tocom Rubber Settles Down; Y200/Kg Support Holds

[Dow Jones] Tocom RSS3 rubber futures settle lower on profit-taking; fundamentals intact. “Even though prices are lower, they have managed to stay above Y200/kg,” notes Japan-based trading executive; adds physical buying continues among auto makers in Japan, U.S. – but many Chinese traders on sidelines. August contract expired today, with 164 lots delivered. Benchmark Tocom January rubber futures settles Y3.3 lower at Y201.5/kg. (SAM)

Source: Dow Jones

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This entry was posted on Wednesday, August 26th, 2009 at 8:36 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.

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