This entry was posted on Thursday, May 5th, 2011 at 9:04 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.
Sicom rubber futures are lower due to weak physical demand and negative leads from crude oil. Physical purchases by China have slowed and this has weighed on the futures market, a Singapore-based commodities broker said. Nymex light, sweet crude for June delivery is trading 19 cents lower at $110.86/bbl. Sicom”s benchmark June TSR20 rubber futures contract is trading 4.7 U.S. cents lower at 452.5 cents/kg. The June RSS3 contract is untraded so far.
Source: Dow Jones