This entry was posted on Tuesday, October 4th, 2011 at 8:23 am 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 2.6% lower after falling as much as 3.0% in relatively slow trade amid a weeklong holiday in China. Crude oil extended losses in Asian trading hours, while equities markets slipped sharply, weighing on Tocom prices. Natural rubber is expected to continue tracking external cues this week, with key support at Y300/kg, traders say. Benchmark March rubber settles Y8.2 lower at Y302.6/kg, off the intraday low of Y301.5/kg.
Source: Dow Jones