This entry was posted on Wednesday, October 12th, 2011 at 4:43 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 0.2% higher as crude-oil prices pare losses and Shanghai rubber turns positive. Support also comes from Thailand, where widespread flooding in the country is threatening to spill into Bangkok, says a trader in the capital city; he adds “it”s anyone guess, but it may start flooding in the south soon if the situation does not improve.” Benchmark March rubber settles Y0.6 higher at Y320.2/kg, off the intraday high of Y321.9/kg.
Source: Dow Jones