This entry was posted on Monday, April 2nd, 2012 at 8:14 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 end 1.7% higher on the back of positive Chinese PMI data over the weekend and U.S. consumer spending data Friday; a weaker yen also provides support following a below-view first-quarter tankan survey, and a 78.2% on-year jump in Japan’s March auto sales. A trader in south Thailand says the uncertain situation following bomb attacks in south Thailand has affected tourism, but rubber trade remains unaffected thus far. Most traders peg resistance at Y340/kg. Benchmark September rubber settles Y5.4 higher at Y331.1/kg, off an intraday high of Y332/kg.
Source: Dow Jones