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Dec 9: Tocom RSS3 rubber futures down on profit-taking

Singapore – Tocom RSS3 rubber futures lower on profit-taking as rainfall eases, supply increases in major growing regions, traders say. “Market had been overbought for several weeks and a correction was long overdue,” says broker in Tokyo. Most traders expect prices to hover around Y255/kg today. Benchmark Tocom May contract trading Y5.7 lower at Y254.7/kg after reaching intraday low of Y253.6.

Source: Moneycontrol.com

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« Dec 9: China rubber futures settle down on dollar strength
Dec 10: Tocom rubber futures fall 3.2% on long liquidation, weak crude »

This entry was posted on Thursday, December 10th, 2009 at 4:21 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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