This entry was posted on Thursday, July 7th, 2011 at 6:44 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 1.2% lower on profit-taking after China hikes interest rates for the third time this year; crude futures keep Tocom”s losses limited with the market staying in a narrow Y376.2-Y382.5/kg range; a Thailand-based trader says Tocom will likely continue taking cues from Shanghai and may see more downside after settling below Y380/kg; “but if it manages to rebound above Y380 a kilogram in the next session, then we may see further gains.” Benchmark December RSS3 settles Y4.5 lower at Y379.4/kg.
Source: Dow Jones