This entry was posted on Wednesday, July 25th, 2012 at 4:23 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 unchanged, reflecting a lack of strong cues ahead of the front-month July contract’s expiration Wednesday. Tocom may continue trading in a range with an upside bias Thursday because prices are lower than those on the spot market. “The near-month contracts especially are about 10% lower than prices on the physical market,” a trader in Bangkok says. Still, global macroeconomic concerns are likely to continue weighing on prices. Benchmark December rubber settles unchanged at Y227/kg, after moving in a range of Y225.5-Y230/kg.
Source: Dow Jones