This entry was posted on Friday, January 8th, 2010 at 8:26 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] Tocom RSS3 rubber futures settle higher after moving both ways in volatile trade. Market being pulled by conflicting leads, says analyst in Singapore; adds weaker yen supportive but downward pressure from profit-taking, speculation China may curb liquidity. “Crude oil, though slightly lower, is still above $82/bbl and rubber”s own fundamentals are also strong,” says Tokyo-based broker; adds prices may rebound towards Y300/kg next week. U.S. dollar hovering around Y93.45, up from intraday low of Y93.11. Tocom to be closed Monday for public holiday. Benchmark Tocom June contract settles Y2.8 higher at Y291.7/kg; off intraday low of Y287.5. (SAM)
Source: Dow Jones