This entry was posted on Tuesday, June 7th, 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 a tad higher; volumes are relatively thin due to recent choppiness, says A Hat Yai-based trader; adds prices have more upside. “There”s too much discount in paper rubber compared with physical market prices, so there should be more rebound. There”s a good chance that Tocom will test Y400/kg.” Thai supplies are tight as rain disrupts supply, but Tocom”s upside was limited Tuesday due to declining crude-oil prices. A Tokyo-based commodities brokerage analyst says Tocom may test Y400/kg in the next few sessions. Benchmark November rubber settles Y0.7 higher at Y392.8/kg, off an intraday high of Y393.5/kg.
Source: Dow Jones