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Dec 30: Tocom RSS3 rubber futures tad down; thin trade

Singapore – Tocom RSS3 rubber futures slightly lower amid mild selling pressure in thin, lackluster trade. “The market lacks momentum and is drifting sideways,” says trading executive in Tokyo; adds prices unlikely to jump significantly until early next month. Overall fundamentals bullish, prices will soon touch Y300/kg, says exporter in Singapore; adds current lull mainly due to lack of trade participation ahead of new year. Benchmark Tocom June contract trading Y0.7 lower at Y274/kg after reaching intraday low of Y273.4.

Source: Moneycontrol.com

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This entry was posted on Thursday, December 31st, 2009 at 4:09 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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