This entry was posted on Monday, April 28th, 2014 at 5:04 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 2.0% higher as prices resume a rebound after recent selling. Concern over China’s economic health is likely to keep weighing Tocom rubber down, Phillip Futures Singapore analyst Vanessa Tan says. “Until China releases a consistent streak of optimistic economic data we expect concerns…to further pressure the rubber market,” she adds. She tips resistance at Y215/kg. Benchmark October rubber settles Y4.1 higher at Y206.3/kg–off the intraday high of Y206.9/kg.
Source: Dow Jones