• Home

  • Rubber

  • Plastic

  • Contact

Search:

3 Sept 2012: Tocom Rubber Settles 4.6% Higher; Y230 Resistance

Tocom rubber futures settle 4.6% higher, tracking strong gains on Shanghai, which breached the key CNY,22,000/ton level due to fund buying, setting off a rash of short-covering by China bears on Tocom, a trader in Thailand who participates in all major Asian rubber bourses says. A Tokyo-based broker says buy orders were also triggered after circuit breakers were tripped on Tocom; he tips next resistance at Y230/kg. Benchmark February rubber settles Y10.0 higher at 227.8/kg, off the intraday and one-week high of Y228.5/kg.

Source: Dow Jones

Share this:

  • Twitter
  • Facebook

« 3 Sept 2012: Thai USS3 Rubber Prices Rise; Rain Curbs Tapping
3 Sept 2012: AFET Rubber Closing Price »

This entry was posted on Monday, September 3rd, 2012 at 6:18 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.

Comments are closed.


  • Useful Links

    • Physical FOB Price
    • SHFE Rubber Price
    • SICOM Rubber Price
    • TOCOM Rubber Price
www.uyong.com
© copyright 2008
Entries (RSS)