This entry was posted on Tuesday, February 14th, 2012 at 4:50 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 higher after trading in a tight range of Y314.9-Y318.5/kg, with a weaker yen providing support. Traders in Thailand say they are awaiting the outcome of a meeting that started earlier in the day about how the government will implement price-support measures. The measures are unlikely to be implemented this week, as the market previously expected, a major producer in Bangkok says; Tocom prices may remain locked in the recent Y310-Y320/kg range until stronger cues emerge, he says. The benchmark July rubber contract settles Y0.5 higher at Y317.1/kg
Source: Dow Jones