This entry was posted on Wednesday, March 23rd, 2011 at 9:03 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 fall as much as 1.3% in early trade on profit-taking after four straight trading days of strong gains; yen strength is also weighing, a Thailand-based trader says; Tocom in is backwardation, with the March and April contracts gaining more than Y10, signalling tight prompt supplies amid the low-production wintering season. Trade participants say a downward correction is expected after recent gains, but a rebound is likely with fundamentals strong; Y400/kg is a strong support. Benchmark August RSS3 is Y2.2 lower at Y431.7/kg, off an intraday low of Y428.3/kg.
Source: Dow Jones