This entry was posted on Wednesday, October 9th, 2013 at 8:56 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 2.8% higher on bargain-hunting by China trade participants after they return from week-long public holidays, says Kaname Gokon, deputy general manager at Tokyo-based commodity brokerage Okato Shoji Co. He adds that Tocom may extend gains to test Y268/kg resistance on some short-covering after heavy losses last week, as trading activity picks up this week. Benchmark March rubber settles Y7.2 higher at Y264.2/kg, off the one-week high of Y265.6/kg.
Source: Dow Jones