This entry was posted on Friday, January 11th, 2013 at 12:37 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 rise as much as 2.5% to a nine-month high of Y321/kg as the yen weakened after Japan announced a larger-than-expected trade deficit. Tocom has been posting sustained gains in the last month, so many are expecting a correction, although the downside may be limited on the weak yen and firm fundamentals. Trade participants will also keep their eyes on Shanghai rubber Friday, as the market digests the country’s December CPI data, which has just been released. Benchmark June rubber trades Y5 higher at Y318.3/kg.
Source: Dow Jones