This entry was posted on Tuesday, November 17th, 2009 at 9:08 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.
[Dow Jones] Tocom RSS3 rubber futures settle higher after reaching new 13-month high despite recent weakness in crude oil. Rubber is strong on its own fundamentals, says broker in Tokyo, with lower inventories providing positive lead to investors; heavy rains impinge on production in Malaysia, Thailand. Nymex light, sweet crude for December delivery settled Friday at $76.35/bbl, lowest settlement since Oct. 14, although it rose back above $77/bbl in Asian trading Monday due to dollar weakness, stronger Asian equities. Benchmark Tocom April contract settles Y1.5 higher at Y236.7/kg, close to intraday high of Y239.4, level not seen since October last year. (SAM)
Source: Dow Jones