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Sept 4: Tocom Rubber Settles Higher On Strong Demand

[Dow Jones] Tocom RSS3 rubber futures settle higher on strong buying support from funds, tight supply in physical market. “Buyers” appetite is strong, particularly from tiremakers in Japan and the U.S.,” says broker in Tokyo; adds prices may consolidate above Y200/kg in near term. Crude has recovered marginally after yesterday”s losses, which is positive for rubber futures, says Singapore-based analyst. Benchmark Tocom February rubber futures settle Y4.9 higher at Y207.1/kg, after reaching an intraday high of Y209.4/kg. Trading Y0.7 higher at Y207.8/kg during night session. (SAM)

Source: Dow Jones

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« Sept 4: RUBBER-Tokyo futures rise over 2 pct towards 210 yen/kg
Sept 7: Tocom RSS3 Rubber Futures Up On Weaker Yen »

This entry was posted on Friday, September 4th, 2009 at 8:59 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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