This entry was posted on Thursday, October 8th, 2009 at 7:47 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 on speculation Chinese government may buy stocks, Thailand may assist growers to ensure higher prices of USS grade, say traders. “Fundamentals are strong and rumors about government intervention in China and Thailand are also pushing up prices,” says Tokyo-based broker; adds prices may rise above Y218/kg in near term if China intervenes to purchase stocks. China”s natural rubber stocks more than double in last three months, estimated at close to 100,000 tons towards end-September. Benchmark Tocom March contract settles Y3.4 higher at Y211.6/kg, close to intraday high of Y212.6. (SAM)
Source: Dow Jones