This entry was posted on Friday, January 28th, 2011 at 6:58 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 0.4% higher in a day of choppy trade, with prices moving in both positive and negative territories; supply-demand fundamentals support Tocom, but the Japanese bourse is affected by recent volatility in Shanghai rubber ahead of the Lunar New Year holiday starting Feb. 2. “We may see investors accumulating very, very short positions in the run-up to the week-long holiday in China; after that, Tocom is likely to take external cues, possibly from the currency markets while China is on holiday,” says a Tokyo-based commodities brokerage analyst. The benchmark July rubber contract settles Y1.8 higher at Y469.1/kg after moving in a wide range of Y456.1-Y471
Source: Dow Jones