This entry was posted on Tuesday, January 19th, 2010 at 7:25 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 as International Tripartite Rubber Council unable to take any steps to boost supply. “When overall fundamentals are strong and availability is reduced, there isn”t much that ITRC can do in the near term,” says analyst in Singapore. Vietnam becomes fourth member of ITRC, which now accounts for 84% of world”s natural rubber output, up from 76% with three members. ITRC”s expansion will tighten its grip on world rubber trade, analysts say; add outlook bullish for Tocom”s night session. Benchmark Tocom June contract settles Y4.2 higher at Y299/kg after reaching intraday high of Y303.1/kg. (SAM)
Source: Dow Jones