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7 May 2013: Tocom Rubber Rises 5.9% After Holidays

Tocom RSS3 rubber futures rise 5.9% to a three-week high amid optimism brought about by a weak yen and market-positive developments when Japanese markets were closed Friday and Monday for public holidays–such as a European Central Bank policy decision and U.S. jobs data. Shanghai rubber opened positive but quickly fell negative, which may limit Tocom gains, says a Bangkok-based trader. Benchmark October rubber trades Y13.7 higher at Y267.2/kg, off the intraday high of Y268.4/kg.

Source: Dow Jones

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This entry was posted on Tuesday, May 7th, 2013 at 7:26 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.

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