This entry was posted on Monday, March 12th, 2012 at 5:30 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 0.8% higher, tracking external cues, including yen weakness. A trader in Bangkok says there may be further upside for Tocom, as low-production season is supportive, but the upside may be limited to Y350-Y360/kg as major producer Thailand enters the heart of its low-output season next month; he adds “it’s hard to close deals at high price levels now as demand is not strong.” Benchmark August rubber settles Y2.6 higher at Y338/kg, off the intraday and one-week high of Y341.9/kg.
Source: Dow Jones