This entry was posted on Thursday, July 8th, 2010 at 7:06 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 2.3% higher, hitting Y277/kg–highest level since June 29–as crude gains, yen falls after Wall Street rally. Tocom October contract hits first Y10 upper limit, circuit breaker triggered; however, CB trigger not uncommon in recent months, note traders. Supply-demand fundamentals support Tocom, but macro economy, crude, yen will continue to play deciding role in next session, say traders; some investors may take profit before weekend, says Singapore-based trader. Benchmark December rubber contract settles Y6.2 higher at Y276.3/kg.
Source: Dow Jones