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Oct 29: China Rubber Futures Settle Dn On Metals, Equities

[Dow Jones] Natural rubber futures on SHFE settle lower, in line with declines in metals, Chinese equity markets, says Shanghai Jiuheng Futures analyst Zhang Fangfang; adds rubber contracts will likely remain in recent trading range on lack of fresh meaningful cues, despite solid spot prices, “general near-term price movement will be consolidating unless some real macroeconomic news pops up.” Tips prices to move within CNY19,000-CNY20,000/ton range on chart-based cues. Benchmark January contract settles down CNY265, or 1.4%, at CNY19,030/ton. (LIY)

Source: Dow Jones

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« Oct 28: Tocom Rubber Settles Dn; May Move Around Y230/Kg
Oct 29: Tocom rubber futures settle down; support at Y225 »

This entry was posted on Friday, October 30th, 2009 at 8:29 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.

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