This entry was posted on Tuesday, June 26th, 2012 at 8:12 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 lower after trading in a narrow range; market sentiment remains bearish ahead of an EU summit meeting later this week, with a downgrade of Spanish banks Monday intensifying pressure on EU leaders; fundamentals remain firm, but market participants will have little to cheer about as long as euro-zone debt crisis festers, a trader in Bangkok says. Most traders peg key support around Y220/kg. The previous Tocom benchmark November contract settles Y2.1 lower at Y235.2/kg; the new benchmark December contract opened at Y233.3/kg and settles at Y235.5/kg.
Source: Dow Jones