This entry was posted on Thursday, July 28th, 2011 at 9:04 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.
Tocom rubber futures settle 1.1% lower as weaker crude and USD/JPY spur profit-taking; the downside momentum looks set to continue Friday on profit-taking and end-month USD/JPY selling by exporters, says a Tokyo-based broker; still, fundamentals are relatively firm; the ANRPC tips natural rubber supply to remain tight into 2018. A Thailand-based trader pegs support at Y390/kg. Benchmark January RSS3 settles Y4.5 lower at Y391.5/kg, off an intraday low of Y386/kg.
Source: Dow Jones