This entry was posted on Wednesday, January 20th, 2010 at 7:43 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, but well off earlier highs amid concern over talk of China curbing bank loans that sent commodities, equities lower in afternoon; Despite reports of China tightening lending, with spillover pressure on rubber “fundamentally, the uptrend is intact,” says analyst in Singapore, noting despite lofty price level, Chinese demand remains strong, while wintering season in Thailand is approaching. Benchmark Tocom June contract settles Y1.8 higher at Y300.8/kg after hitting intraday high of Y305.5/kg. (HWS)
Source: Dow Jones