This entry was posted on Thursday, June 3rd, 2010 at 8:29 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 1.6% higher after two days of heavy long liquidation as yen weakens; stronger crude oil prices, last trading more than $1 up on Globex, support. However, volumes relatively light; most investors likely taking wait-and-see stance. Market still reeling from aftershock of yesterday”s slide, says trader in Thailand. Market sentiment generally bearish as more supplies from Thailand anticipated, say traders. However, yen may weaken further, say forex dealers, supporting Tocom rubber. Benchmark November rubber contract settles Y4.3 higher at Y273.5/kg, off intraday high of Y274.9/kg.
Source: Dow Jones