This entry was posted on Thursday, April 18th, 2013 at 4:31 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 2.9% lower as China demand concerns weigh; Bangkok-based DS Futures analyst Chaiwat Muenmee says slow China 1Q GDP data looms over prices and Tocom may move to test Y240/kg support this month; “The RSI, however, indicates Tocom is oversold, so we may see some technical rebound after that,” he adds. Benchmark September rubber settles Y7.2 lower at Y245.2/kg, off fresh five-month low of Y242.6/kg.
Source: Dow Jones