This entry was posted on Wednesday, October 7th, 2009 at 6:54 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 higher after rising 4.4% on strong demand in cash market, tight supplies amid adverse weather in major growing regions, rise in crude oil, traders say. “There was large buying interest late yesterday among importers and this has had an impact on the futures market,” says Singapore-based exporter. November light, sweet crude oil on Nymex trading 42 cents higher on Nymex in Asian trade at $71.30/bbl. Benchmark Tocom March rubber futures settle Y7.5 higher at Y208.2/kg after reaching intraday high of Y209.5. Traders expect prices to test Y210 in near-term. (SAM)
Source: Dow Jones