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Apr 4: Tocom Rubber Settles Up; Y420-Y450/Kg Range Eyed

[Dow Jones] Tocom rubber futures end 3.9% higher as the JPY stays weak vs the USD; floods in south Thailand continue to add to supply concerns amid the low-production season; although the impact is still unclear as the area is still dealing with flood waters, rubber production and delivery have already been disrupted, traders say. A Thailand-based trader says Tocom is likely to move sideways in a broad Y420-Y450/kg band until fresh fundamental cues emerge. The benchmark September rubber contract settles Y16.7 higher at Y444.1/kg, near its intraday high of Y444.7/kg.

Source: Dow Jones

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« Apr 1: Tokyo futures fall 1 pct in technical correction
Apr 4: Thai Rubber Futures Settle Limit-Up; Tocom Cues »

This entry was posted on Monday, April 4th, 2011 at 8:43 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.

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