This entry was posted on Tuesday, September 8th, 2009 at 8:59 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 higher, rise to one-week high on buying by institutional funds, weaker yen, traders say. “Funds have zeroed in on rubber as a bullish commodity for the next few months,” says trader in Japan; adds weaker yen also supporting rubber prices. Yen, which moved under Y92 against U.S. dollar last week, now hovering around Y93. Benchmark Tocom RSS3 rubber futures trading Y3.0 higher at Y210.1/kg after reaching intraday high of Y211.6/kg. (SAM)
Source: Dow Jones