This entry was posted on Tuesday, August 23rd, 2011 at 8:03 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 RSS3 rubber futures settles higher after slow, rangebound trade. Shanghai rubber is falling, weighing on Tocom, as are the strong yen and lingering risk aversion over the global economic situation. IRCo Chief Secretary Yium Tavarolit says in his weekly market report that technical indicators point to further downside this week. A Thailand-based trader tips support at Y355/kg and resistance at Y360-Y363/kg. Benchmark January rubber settles Y0.3 higher at Y357.7/kg after trading between Y354.7 and Y360.5/kg.
Source: Dow Jones