This entry was posted on Friday, April 18th, 2014 at 4:44 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 settles 4.0% lower, with prices slumping as Shanghai rubber falls over 4% likely on fund and speculative selling, says a Bangkok-based trader who participates in dealing across all Asian rubber exchanges. With Tocom breaching the key support level of Y205.6/kg hit in August 2012, trade participants are now jittery and on the edge for even further losses; “prices have fallen to such a level that nobody seems to know where the bottom is,” says a dealer in Singapore. Benchmark September natural rubber settles Y8.5 lower at Y206.4/kg.
Source: Dow Jones