This entry was posted on Wednesday, December 21st, 2011 at 4:41 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 2.4% higher, tracking strong gains in equities and crude-oil prices, as risk sentiment recovers on better-than-market-expected U.S. housing starts data and a solid Spanish bond auction. A trading participant says funds have been taking new long positions on Tocom. Many traders expect Tocom to continue moving in a wide Y260-Y280/kg range, taking external cues ahead of the year-end holidays. Benchmark May rubber settles Y6.6 higher at Y277.9/kg, off the intraday high of Y279.7/kg.
Source: Dow Jones