This entry was posted on Tuesday, July 5th, 2011 at 8:57 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 0.4% lower, tracking Shanghai rubber and crude; although traders say that relatively steady physical demand leaves room for a move to the upside in the next few sessions, gains will be capped by jitters over the fallout on Shanghai rubber after state-run Chinese media quotes a government researcher as saying the PBOC should raise rates “appropriately” to curb inflation, prompting speculation a hike could be imminent; U.S. jobs data due later in the week will also provide cues; a Thailand-based trader tips resistance at Y380/kg. Benchmark December rubber settles Y1.6 lower at Y376.4/kg, off the intraday low of Y372/kg.
Source: Dow Jones