This entry was posted on Thursday, September 3rd, 2009 at 8:51 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.
[Dow Jones] Tocom RSS3 rubber futures settle lower on spillover pressure from stronger yen, weak crude; fall below Y200/kg. “There”s been profit-taking after investors took leads from outside markets,” says analyst in Singapore; adds prices may again rise above Y200/kg on tight physical supply. Tocom futures have fallen today but they”ve settled off lows, indicating there”s still upside potential. Japanese yen hit seven-week high of Y92.51 against dollar today. Benchmark Tocom February rubber futures settle Y5 lower at Y199.5/kg, off intraday low of Y196.7. (SAM)
Source: Dow Jones