• Home

  • Rubber

  • Plastic

  • Contact

Search:

Jun 29: Tocom Rubber Settles Up; Y358-Y359/Kg Resistance

[Dow Jones] Tocom rubber futures settle 3.0% higher; the overall market Wednesday is higher on growing optimism for a viable solution to Greece”s debt crisis; strong industrial production data from Japan also support. A Thailand-based trader says Tocom may gain further on short-covering if prices push through and stay firmly above the Y358-Y359/kg resistance level. ANRPC said Tuesday that supply may stay slow this year, with the post-wintering rise in output below expectations. However, demand concerns also weigh; participants say natural rubber prices may continue to be volatile until clear cues emerge. Benchmark December rubber settles Y10.5 higher at Y357.8/kg, near an intraday high of Y358.2/kg.

Source: Dow Jones

Share this:

  • Twitter
  • Facebook

« June 28: Tokyo futures up with oil, rising supply caps gains
Jun 29: Asian Physical Rubber Up; Thai Grades In Wide Range »

This entry was posted on Wednesday, June 29th, 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.

Comments are closed.


  • Useful Links

    • Physical FOB Price
    • SHFE Rubber Price
    • SICOM Rubber Price
    • TOCOM Rubber Price
www.uyong.com
© copyright 2008
Entries (RSS)