This entry was posted on Wednesday, February 8th, 2012 at 4:21 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 2.1% higher, taking a cue from yen weakness and higher crude-oil prices. Supply concerns support the market as major producers enter low-production season and as Thailand price intervention program is poised to kick in. A trader in Thailand says Tocom may gain further to Y330/kg resistance if prices stay decisively above the Y325/kg mark. Benchmark July rubber settles Y6.8 higher at Y325.9/kg, off the intraday high of Y326.8/kg.
Source: Dow Jones