This entry was posted on Thursday, July 10th, 2014 at 9:22 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 0.4% lower in a day of slow, rangebound trade amid a lack of strong cues. With Thailand closed for a public holiday Friday, trade is winding down ahead of the weekend and may continue to be slow, says a trader in Bangkok. Most traders are pegging key support at the psychological Y200/kg support–which can be easily breached due to an overall weak market, says an analyst in Tokyo. Benchmark December rubber settles Y0.9 lower at Y201.2/kg, after moving in the Y200.7-Y203.0/kg range.
Source: Dow Jones