This entry was posted on Thursday, October 20th, 2011 at 7:51 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 6.6% lower after crashing through the first three Y5-wide circuit breakers to bottom out at the new Y20 daily limit, on jitters over euro-zone and China growth; widespread flooding that his hit auto production in Thailand is also weighing; a Thailand-based trader says a breach of Y290/kg sent prices falling; he pegs the next key support at Y250/kg. Benchmark March rubber settles Y20 lower at a 14-month low of Y281.5/kg.
Source: Dow Jones