This entry was posted on Friday, October 7th, 2011 at 10:07 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 1.2% higher, tracking gains in crude-oil prices and equities. Tocom also gets support from major producer Thailand, which is cutting supply and maintaining its floor price on the commodity. Malaysia supports Thailand”s move, commodities minister says. Tocom will likely continue taking external cues the next session, with resistance at Y310/kg, says a participant in Thailand. Benchmark March rubber settles Y3.8 higher at Y308.2/kg, off the intraday high of Y308.7/kg.
Source: Dow Jones