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6 Dec 2011: Tocom Rubber Settles Higher Amid Caution

Tocom rubber futures settle 0.3% higher in slow trade, as investors stay on the sidelines head of key meetings in Europe this week; a Thailand-based trader tips trade in the wide Y275-Y285/kg range for the rest of the year, unless strong cues emerge, as trade participants keep their eyes on developments in the euro zone; he adds prices are at fair levels. Benchmark May rubber settles Y0.9 higher at Y284.5/kg, after trading in a tight range: Y280.2-Y284.8/kg.

Source: Dow Jones

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This entry was posted on Tuesday, December 6th, 2011 at 7:52 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.

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