This entry was posted on Thursday, June 30th, 2011 at 4:26 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 2.0% higher, taking cues from higher crude-oil and Shanghai rubber; passage of a crucial package of austerity measures in Greece also boosts overall market sentiment. A veteran Bangkok-based trader says Tocom is taking cues from external markets in this volatile week. “Tocom will only move sideways in a wide Y20-Y30 range if there are no strong leads.” Benchmark December rubber settles Y7.2 higher at Y365/kg, off an intraday high of Y366.4/kg.
Source: Dow Jones