This entry was posted on Wednesday, April 27th, 2011 at 8:17 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 rubber futures settle 1.5% lower, on a sharp fall in Shanghai rubber on concerns that Beijing may continue policy tightening, hurting demand for industrial commodities; a stronger JPY and weaker crude contribute; caution ahead of the Golden Week holidays in Japan will likely keep Tocom in range unless strong cues emerge; support is at Y380/kg and there”s limited upside, with initial resistance at Y400/kg, a Tokyo-based commodities analyst says. Benchmark October rubber settles Y6 lower at Y389.9/kg, off an intraday low of Y384.3/kg.
Source: Dow Jones