This entry was posted on Thursday, November 17th, 2011 at 4:14 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 3.5% higher, in line with Shanghai rubber and crude oil; traders are awaiting fresh cues from the ITRC’s two-day meeting on price-support measures that starts Friday; raw material is tight in top producer and exporter Thailand as farmers hold on to stocks; the country’s Office of the Rubber Replanting Aid Fund “is telling farmers to keep their stocks” ahead of the ITRC meet, a trader says; he pegs resistance at Y280/kg. Benchmark April rubber settles Y9.3 higher at Y278.6/kg, off the intraday high of Y279.8/kg.
Source: Dow Jones