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Dec 22: China rubber futures settle down; tipped range bound

Shanghai – Natural rubber futures on SHFE settle lower in tandem with declines in Chinese equity markets, says Orient Securities Futures analyst Lin Hui; adds rubber contracts may look to copper in coming sessions, given absence of clear directional cues. Notes rubber may move in CNY22,000-CNY24,000/ton range on chart-based cues. Benchmark March contract settles down CNY125, or 0.5%, at CNY23,090/ton.

Source: Moneycontrol.com

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« Dec 21: Tocom RSS3 Rubber Higher In Rangebound Trade
Dec 22: Asia physical rubber down; RSS3 trades at USD2,830/ton »

This entry was posted on Tuesday, December 22nd, 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.

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