This entry was posted on Saturday, April 9th, 2011 at 6:36 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 1.1% higher, tracking gains in Shanghai rubber and taking support from a weak yen; supply concerns persist. Trade was relatively slow overall. “There are still no strong cues and a lot of day trading is going on,” says a Thailand-based trader; he adds that in the absence of strong cues, some profit-taking may set in, pegs resistance at Y480/kg. Toyota said Friday it will resume production of its entire range of models at all of its Japanese factories from April 18. The benchmark September rubber contract settles Y5.2 higher at Y463.8/kg, off the intraday high of Y467.6/kg.
Source: Dow Jones