This entry was posted on Thursday, September 17th, 2009 at 6:55 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 short covering, overnight gains in crude oil, stronger yen. Physical demand for rubber, positive leads from other asset classes supportive for prices today, says Tokyo-based trading executive. US dollar falls below Y91, hovering around Y90.68; may move to Y90, according to analysts. Nymex light, sweet crude oil for October delivery settled up $1.58, or 2.2%, yesterday at $72.51/bbl, highest since Aug. 28. Benchmark Tocom RSS3 rubber futures settles Y3.5 higher at Y206.8/kg after reaching intraday high of Y210.4. Most traders put technical resistance at Y208, then Y210. Prices fell below Y190/kg Monday. (SAM)
Source: Dow Jones