This entry was posted on Tuesday, August 30th, 2011 at 5:01 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 higher after gaining as much as 3.3% to hit a three-week high, taking cues from strong gains in Shanghai rubber and crude-oil prices. IRCo chief secretary Yium Tavarolit says in a weekly research note that technical cues have improved since Friday and fundamentals are supporting the market. Most traders peg next key resistance at Y380/kg. Benchmark February rubber settles Y11.5 or 3.2% higher at Y375.4/kg, near the intraday high of Y375.8/kg.
Source: Dow Jones