This entry was posted on Thursday, August 15th, 2013 at 8:50 am 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 0.3% higher as the yen extends its decline against the U.S. unit and as current physical supplies are tight owing to limited tapping because of bad weather, a Bangkok-based trader says. This is reflected in a narrow price gap between the spot August and forward January contracts, he adds tipping resistance at Y271/kg. Benchmark January rubber settles Y0.9 higher at Y265.9/kg–off the two-and-a-half month high of Y269/kg.
Source: Dow Jones