This entry was posted on Tuesday, December 15th, 2009 at 7:17 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.
Singapore – Tocom RSS3 rubber futures higher, rise above Y250/kg, extending gains made yesterday on more hedging, fund buying. “The recent fall in prices has spurred fresh demand in the cash market, which is also supporting futures,” says exporter in Singapore. Other commodities almost unchanged, rubber likely rangebound around current levels today, says Tokyo-based executive at Okachi Corp; adds Y253-Y255/kg is selling point for hedgers. Benchmark Tocom May contract trading Y3.7 higher at Y252.1/kg, not far off intraday high of Y253.7.
Source: Moneycontrol.com