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.
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