This entry was posted on Wednesday, July 14th, 2010 at 8:29 am 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% lower after hitting fresh 1-month low of Y259.6/kg; prices came under further downward pressure later in trading day as crude extended decline. Strong yen continues to weigh on Tocom, as does increasing output in Thailand. “What we saw last week was a temporary rebound. Prices are likely to continue the downtrend in the second half of the year,” says trade participant in Thailand. Rubber prices have been on high side, so time for correction, says trader in Tokyo. Benchmark December rubber contract settles Y5.4 lower at Y260.1/kg.
Source: Dow Jones