This entry was posted on Wednesday, October 21st, 2009 at 4:52 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.
[Dow Jones] Tocom RSS3 rubber futures settle lower after moving both ways in choppy trade. “The market is trying to consolidate above Y225/kg and occasionally there is strategic liquidation to take profits,” says exporter in Singapore; adds near-term outlook bullish. Since supply is tight, market may even test Y230/kg soon but will first ease before next round of buying, says Thailand-based broker. Benchmark Tocom March rubber contract settles Y0.8 lower at Y225.4/kg after reaching intraday low of Y223.4/kg.
Source: Dow Jones