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Dec 23: Thai RSS3 Rubber Futures Down; Long Liquidation

[Dow Jones] RSS3 rubber on Agricultural Futures Exchange of Thailand lower on long liquidation, profit-taking, say traders. “Year-end liquidation pressure is driving down prices,” says trading executive at Thailand-based commodities brokerage; adds further correction during this week can”t be ruled out. Prices briefly fall below THB93/kg followed by mild speculative buying, but overall sentiment weak. Lack of trading leads from Tocom also prompting investors to close positions, says trader in Phuket. Tocom closed today for Emperor”s birthday. Benchmark July RSS3 contract trading THB1.05 lower at THB93.10/kg. (SAM)

Source: Dow Jones

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« Dec 23: Tocom, C-Com Rubber Items Unavailable Wednesday
Dec 24: China Rubber Futures Up; To Stay Around CNY23,000/Ton »

This entry was posted on Wednesday, December 23rd, 2009 at 4:13 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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