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Jul 13: Tocom Rubber Settles Higher; Y380/Kg Resistance

[Dow Jones] Tocom rubber futures settle 3.6% higher after four days of losses, getting a boost as Shanghai rubber extends gains after midday as stronger-than-expected China GDP allays concerns about a slowdown in the world”s biggest natural rubber consumer and importer. A Hat Yai-based trader says that solid physical demand is also supporting Tocom; a Tokyo-based commodities analyst tips resistance at Y380/kg. Benchmark December RSS3 settles Y13.1 higher at Y376.3/kg, off an intraday high of Y377.2/kg.

Source: Dow Jones

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« Jul 12: Tocom Rubber Settles Lower; China Data In Focus
Jul 13: Thai USS3 Rubber Prices Up; Rains Limit Supply »

This entry was posted on Thursday, July 14th, 2011 at 8:21 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.

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