This entry was posted on Thursday, July 24th, 2014 at 6:13 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 1.7% higher on upbeat data from China, where a preliminary gauge of manufacturing activity hit an 18-month high in July. Gains may be short-lived, however, as activity on the physical market is slow; “futures are up but no buyers have called to trade today so I don’t think we will be seeing more upside,” says a Bangkok-based trader. Benchmark December rubber settles Y3.4 higher at Y205.0/kg.
Source: Dow Jones