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Oct 19: Tocom Rubber Settles Mostly Up On Crude, Supply

[Dow Jones] Tocom rubber futures settle mostly higher, tracking strength in crude oil prices, though benchmark March contract off earlier highs, having again failed to breach key Y220/kg level. Outlook firm, however, with crude, tight supply likely to keep prices underpinned in near term–though market now likely to consolidate in Y212-Y219 range before pushing higher, participants say. Benchmark March RSS3 contract settles Y6 higher at Y218.8/kg having risen to Y219.5/kg earlier. (ANJ)

Source: Dow Jones

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« Oct 16: Tocom Rubber Settles Mostly Down; Bullish Outlook
Oct 19: RUBBER-Tokyo futures rally on China demand hopes »

This entry was posted on Monday, October 19th, 2009 at 7:24 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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