This entry was posted on Wednesday, January 4th, 2012 at 4:13 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 0.9% higher after gaining as much as 3.1%; prices rise on broad gains in the commodities complex, but Tocom’s upside is limited due to a decline in Shanghai rubber. ANRPC says in latest monthly report that 1Q natural rubber prices will be supported by the low-production season that starts February, but gains may be limited by sluggish demand due to macroeconomic factors. A trader in south Thailand pegs resistance at Y273/kg. Benchmark June rubber settles Y2.3 higher at Y265.7/kg, off the intraday high of Y271.6/kg.
Source: Dow Jones