This entry was posted on Monday, March 29th, 2010 at 8:27 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 rubber futures settle 2.6% higher after rising to intraday high of Y312.3. Tight physical rubber supply in wintering countries contributing to surge in prices; crude prices higher in Asian trading hours, yen stays weak. Some profit-taking may take place, but downside limited, upward trend in short term, says Masami Aratake, trader at Tokyo-based Newedge Japan; adds September contract likely to test Y320/kg, support at Y300/kg. Benchmark September rubber contract settles Y8 higher at Y312/kg.
Source: Dow Jones