This entry was posted on Friday, July 22nd, 2011 at 7:47 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 1.0% lower, dragged down by lower Shanghai rubber and a strong yen. “Tocom is likely to fall further next week on continuing pressure from the yen,” Okato Shoji deputy general manager Kaname Gokon says; he adds Tocom traders are also watching Shanghai closely and tips rangebound movement next week, with strong support at Y370/kg. Benchmark December rubber settles Y3.8 lower at Y381.1/kg, off an intraday low of Y376.1/kg.
Source: Dow Jones