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Sep 3: Tocom Rubber Settles Down; Strong Yen Priced In

[Dow Jones] Tocom rubber futures settle slightly lower after two days of gains as investors take profit before weekend; fundamentals to support in near term, traders say. Yen relatively strong despite weakening tad today; but this mostly priced in, not affecting rubber prices as much recently, trade participants in Thailand say; Tocom may rebound next session unless yen gains sharply, trader says; benchmark February Tocom rubber settles Y0.8 lower at Y298/kg, off Y296.7/kg intraday low.

Source: Dow Jones

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« Sep 2: Rubber Advances as China Car Sales Send Shanghai Futures to Two-Year High
Sep 3: Shanghai rubber futures hit 2-year high; technicals bright »

This entry was posted on Friday, September 3rd, 2010 at 8:33 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.

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