This entry was posted on Monday, August 27th, 2012 at 7:30 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 3.3% higher due to expectations of more stimulus action from central banks and as the Thai government will cut 150,000 tons of exports in the Oct. 1-March 31 period, Thai Rubber Association President Prapas Euanontat says. International Rubber Consortium chief secretary Yium Tavarolit says in a weekly report that there is likely to be less downside risk for rubber prices this week due to a planned export cut by Thailand, Indonesia and Malaysia. Benchmark January rubber settles Y7.3 higher at Y228.6/kg, off the intraday high of Y229.5/kg.
Source: Dow Jones