• Home

  • Rubber

  • Plastic

  • Contact

Search:

Feb 17: Tocom Rubber Settles Higher; Short Covering

[Dow Jones] Tocom rubber futures settle 3.4% higher after hitting a fresh record of Y530.6/kg. Although fundamentals are firm, with major producers entering low-production season, rubber traders say unprecedented prices for Tocom rubber are due to excessive speculation. Open interest published on Tocom”s website indicates that commercial investors are holding two-thirds of all short positions, while non-commercials are holding two-thirds of all long-positions. “Somebody may be squeezing the shorts on Tocom,” says a Thailand-based trader. The benchmark July rubber contract settles Y17.2 higher at Y528.4/kg.

Source: Dow Jones

Share this:

  • Twitter
  • Facebook

« Feb 16: Tocom Rubber Recovers In Night Trade; Oil, Dip Buys
Feb 21: Rubber Futures Decline After China Raises Reserve Requirements »

This entry was posted on Thursday, February 17th, 2011 at 9:54 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.

Comments are closed.


  • Useful Links

    • Physical FOB Price
    • SHFE Rubber Price
    • SICOM Rubber Price
    • TOCOM Rubber Price
www.uyong.com
© copyright 2008
Entries (RSS)