This entry was posted on Wednesday, October 5th, 2011 at 4:27 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 0.5% higher, tracking strong gains in crude-oil prices during Asian trading hours and as Thailand reiterates its THB120 or $4/kg floor price for natural rubber. However, Tocom trade is slow as major consumer and importer China is on holiday. “There may be further upside to Tocom, but traders are still very concerned about the world economy now,” a participant in Thailand says. Benchmark March rubber settles Y1.4 higher at Y304.4/kg, off an intraday high of Y306.8/kg.
Source: Dow Jones