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Sept 23: Thai RSS3 Rubber Lower; Selling Pressure

[Dow Jones] RSS3 rubber prices on Agricultural Futures Exchange of Thailand lower on strong selling pressure, tracking decline in Shanghai market. Traders setting up more short positions, says broker in Bangkok. “Many investors expect Tocom to open lower tomorrow after a 3-day holiday and are going short to reap profits later,” says Thailand-based trading executive. Total volume for RSS3 rubber traded on AFET so far today at 265 lots, including 232 lots for benchmark April contract. April RSS3 futures trading THB1.65 lower at THB70.60/kg. Most traders put immediate support at THB70.50, then THB70.20. (SAM)

Source: Dow Jones

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« Sept 22: Thai RSS3 Rubber Futures Dn; Fall In China Imports
Sept 23: Thai USS3 Rubber Steady On Strong Demand »

This entry was posted on Wednesday, September 23rd, 2009 at 9:13 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.

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