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Sept 24: Tocom Rubber Settles Dn;Off Lows On Short Covering

[Dow Jones] Tocom RSS3 rubber futures settles lower but off intraday lows on short covering, traders say. “Demand-side fundamentals have slightly weakened due to fewer purchases by China, which may keep prices under pressure for some time,” says analyst in Singapore. Prices recovered marginally because many investors covered their shorts toward the day”s close, says Tokyo-based broker. Tocom rubber futures settles Y5.8 lower at Y197.3/kg after reaching intraday low of Y194.5. (SAM)

Source: Dow Jones

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Sept 24: TOCOM Sept rubber expires with 124 lots delivered »

This entry was posted on Thursday, September 24th, 2009 at 8:35 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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