This entry was posted on Friday, June 3rd, 2011 at 8:38 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 end off lows on technical buying; “there is technical support around Y380 a kilogram and as prices slumped below this level, investors returned to set up long positions,” a trader in Tokyo says; the market fell earlier in the day tracking a selloff across asset classes but buying interest for rubber among importers in Japan and the U.S. is supportive; traders expect more gains next session. Benchmark Tocom November RSS3 ends Y6.4 lower at Y381.9/kg, off an intraday low of Y378.4/kg.
Source: Dow Jones