This entry was posted on Tuesday, August 21st, 2012 at 4:26 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 RSS3 rubber futures end higher in anticipation of further support measures from Thailand, traders say. Thai government plans to increase budgetary allocation for buying natural rubber from growers above market prices. Thai support measures may not be sufficient to squeeze supply but it is giving speculators a pretext to set up fresh long positions, says a natural rubber importer in Tokyo. Benchmark Tocom January contract ends Y0.9 higher at Y220.3/kg.
Source: Dow Jones