This entry was posted on Thursday, February 17th, 2011 at 8:52 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 RSS3 rubber futures are rebounding in the night session after prices fell as much as 3% intraday in Wednesday trade; dip buying and higher crude oil prices in late Asian trade are giving support, a trader in Thailand says; “if crude oil prices gain tomorrow, maybe we may even see Shanghai (rubber) staging a rebound, which would also be supportive for the Tocom.” The benchmark Tocom July contract is Y5.8 higher at Y517/kg. The night session is considered part of the next day”s trading.
Source: Dow Jones