This entry was posted on Wednesday, May 25th, 2011 at 4:23 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 settle 2.6% higher, tracking gains in Shanghai counterparts; rain in south Thailand this month has been curbing tapping, limiting supplies, even though the country is exiting the low-production season; Tocom prices are now lower than spot prices, a trader in south Thailand says, “so there may be some bargain hunting and short-covering in futures.” He tips more upside if the Y385/kg support holds. Benchmark October RSS3 settles Y9.9 higher at Y385.8/kg, near the intraday high of Y385.9/kg.
Source: Dow Jones