This entry was posted on Thursday, February 2nd, 2012 at 8:15 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 0.5% higher due to traders’ expectations that the Thai government will start purchasing the commodity from the market soon; traders in Thailand say a meeting was held this week to discuss details of the government’s price-intervention plan, and implementation could begin the week starting Feb. 13. A trader in south Thailand pegs resistance at Y325.8/kg. Benchmark July rubber settles Y1.7 higher at Y316.6/kg, off the intraday high of Y319.7/kg.
Source: Dow Jones