This entry was posted on Monday, April 23rd, 2012 at 5:14 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 settle slightly lower despite tight physical supplies, as manufacturing data in China fail to dispel concerns of weakness in Asia’s largest economy. A Tokyo-based broker says Tocom trade is slow Monday given that the April contract expiring and investors are adjusting their positions ahead of the new benchmark’s opening Tuesday. Most traders peg key support at Y300/kg. Benchmark September rubber settles Y0.5 lower at Y307/kg after trading in the narrow Y306.5-Y309.3/kg range.
Source: Dow Jones