This entry was posted on Friday, May 6th, 2011 at 8:04 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 6.6% lower in a day of long liquidation. Macroeconomic uncertainties weigh on prices; commodity-related stocks battered after oil and metal prices dropped sharply Thursday. But Tocom rubber prices may have hit a floor Friday. “There may be a technical rebound,” says Navarat Kaewpratarn, a senior marketing official at Bangkok-based Future Agri Trade; she adds consumers demand indications will determine Tocom”s direction in the next few weeks. Benchmark October rubber settles Y25.7 lower at Y361.1/kg, off the intraday low of Y353.2/kg.
Source: Dow Jones