This entry was posted on Tuesday, February 16th, 2010 at 4:58 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 investors take leads from tight supply in physical market, steady crude. “Wintering in southern provinces of Thailand has prompted some investors to set up more long positions, but volume remains thin,” says executive at Japan-based commodities brokerage; adds crude oil above $74.50/bbl also supports prices. Markets in Singapore, China, Malaysia closed for public holiday. Most traders expect rubber prices to test Y290/kg this week. Benchmark Tocom July contract settles Y2.8 higher at Y286.9/kg, close to intraday high of Y287.2/kg. (SAM)
Source: Dow Jones