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25 July 2012: Tocom Rubber Settles Unchanged; May Remain Rangebound

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

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« 24 July 2012: AFET Rubber Closing Price
25 July 2012: AFET Rubber Closing Price »

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.

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