This entry was posted on Tuesday, January 31st, 2012 at 2:20 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 1.5% higher in line with gains in Shanghai rubber futures and Asian equities. Traders continue to watch the Chinese market after last week’s Lunar New Year public holiday. A major exporter in Thailand says trading activities will likely return to normal only next week after the traditional 15 days of festivities are over; he says “many [Chinese buyers] are keen to bid, but their minds are still in holiday mode and have not caught up with the price gains in the last few weeks–their bids are just far too low.” Benchmark July rubber settles Y4.6 higher at Y314.9/kg, near the intraday high of Y315.3/kg.
Source: Dow Jones