This entry was posted on Thursday, July 15th, 2010 at 6:45 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 0.7% lower after moving in tight range of Y260.8-Y264.9/kg in day session as yen strengthens against greenback as weaker-than-expected Chinese economic data add to uncertainty over global economic outlook; further downward pressure from lower crude oil prices overnight, extending losses in Asian trading hours. Concerns over slowing Chinese economy, as tire output falls 3.3% on month, say Singapore-based dealer; adds sentiment bearish, Tocom may see more downside. Benchmark December rubber contract settles Y1.8 lower at Y262.4/kg.
Source: Dow Jones