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Dec 10: Tocom rubber futures fall 3.2% on long liquidation, weak crude

Singapore – Natural rubber futures on the Tokyo Commodity Exchange Thursday fell to their lowest level so far this month, as investors scrambled to cut losses on strong liquidation pressure amid improved supplies and weak crude oil prices.

The benchmark Tocom May RSS3 grade contract traded as low as Y8.1 lower, at Y244.8/kg.

Source: Moneycontrol.com

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« Dec 9: Tocom RSS3 rubber futures down on profit-taking
Dec 11: Rubber Climbs as Weak Yen Boosts Appeal, China’s Output Gains »

This entry was posted on Thursday, December 10th, 2009 at 4:22 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.

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