This entry was posted on Monday, December 14th, 2009 at 7:48 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, move into positive territory on strong fundamentals, rise in gold prices, Dubai getting $10 billion financial bailout from neighboring Abu Dhabi. “Expectations that the global economy may be recovering gradually and that problems over Dubai”s debt may finally be overcome have provided fresh support for rubber,” says analyst in Singapore. Around 70% of world”s natural rubber used to make tires, demand for which hinges on health of global economy. Benchmark Tocom May rubber contract settles Y1.4 higher at Y248.4/kg, off intraday low of Y241/kg. (SAM)
Source: Dow Jones