This entry was posted on Monday, November 9th, 2009 at 7:27 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 rebound, settle higher following gains in crude oil during Asian trading hours. “Rubber supplies are tight and a recovery in crude oil has contributed to the gains,” says Tokyo-based broker. There is strong support for rubber at Y230/kg, says exporter in Singapore. Nymex light, sweet crude up more than $1/bbl on Globex due to hurricane-linked output concerns. Benchmark Tocom April contract settles Y1.7 higher at Y232.1/kg. (SAM)
Source: Dow Jones