This entry was posted on Wednesday, May 2nd, 2012 at 7:35 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 0.6% higher, as upbeat manufacturing data in the U.S. and China restore some investor confidence in the global economy. Tocom is supported by tight supply in Thailand, although buyers are also cautious, generally unwilling to pay the high prices quoted, says a Bangkok-based trader. Tocom will be closed Thursday and Friday for public holidays; it will likely take cues from Shanghai rubber when trade resumes Monday. Benchmark October rubber settles Y1.9 higher at Y315.8/kg, off a three-week high of Y317.8/kg.
Source: Dow Jones