This entry was posted on Saturday, January 14th, 2012 at 8:29 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 1.0% lower, after Thailand’s deputy prime minister said Thursday that the government hadn’t yet decided whether to intervene in the market to support natural rubber prices. Traders are awaiting further developments in Thailand, as a panel chaired by the deputy prime minister is expected to meet Tuesday to discuss demands by growers to boost prices for the commodity. Most traders peg support around Y275/kg. Benchmark June rubber settles Y2.8 lower at Y277.6/kg, after trading in the Y275.8-Y282/kg range.
Source: Dow Jones