This entry was posted on Monday, July 11th, 2011 at 7:51 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 2.6% lower on long liquidation due to lackluster U.S. non-farm payrolls data and accelerating Chinese inflation; Singapore-brokerage Phillip Futures says profit-taking activity this week is unsurprising after last week”s rebound; a Tokyo-based commodities brokerage analyst says Tocom may see further downside due to persistent euro-zone debt concerns and monetary tightening concerns in China; he tips a test of Y360/kg this week if prices can”t regain footing above the Y370/kg level next session. Benchmark December RSS3 settles Y9.8 lower at Y369.4/kg, near the intraday low of Y369.2/kg.
Source: Dow Jones