This entry was posted on Thursday, December 24th, 2009 at 7:43 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] Natural rubber futures on SHFE settle higher, with benchmark contract hitting new 2009 high of CNY23,505/ton, tracking rallies in metals following dollar”s decline against euro, says Orient Securities Futures analyst He Jing; adds sharp crude oil price rise also lends support. Says rubber contracts may correct lower in coming sessions before new rally after New Year holidays. Tips rubber contracts to continue to hover around CNY23,000/ton, citing charts. Benchmark March contract settles CNY380, or 1.7%, higher at CNY23,340/ton. (LIY)
Source: Dow Jones