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Dec 22: Tocom Rubber Futures Settle Down On Long Liquidation

[Dow Jones] Tocom RSS3 rubber futures settle lower on long liquidation, speculative selling, but overall fundamentals strong. “Investors are taking profits ahead of tomorrow”s holiday, but physical demand may push up prices again in the next few days,” says broker in Tokyo; adds prices likely to move in Y260-Y275 range for rest of 2009. Markets in Japan closed tomorrow for public holiday. China”s natural rubber imports up 19% on month in November at 120,641 tons despite high local inventories. Tocom”s May contract settles Y2.5 lower at Y267.7/kg. New benchmark June contract, which started today, settles at Y269.8. (SAM)

Source: Dow Jones

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« Dec 22: Asia physical rubber down; RSS3 trades at USD2,830/ton
Dec 23: China rubber futures down; CNY23,000/ton tipped »

This entry was posted on Tuesday, December 22nd, 2009 at 7:29 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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