This entry was posted on Tuesday, July 8th, 2014 at 9:11 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 4.1% lower with cut-loss selling setting in as Shanghai loses as much as 5% intraday. “There is no reason for the decline, just technical selling in a generally depressed market. Gains have been shortlived so far, so we shouldn’t get too optimistic,” says a Bangkok-based trader who adds prices are likely to test the psychological Y200/kg level Tuesday. Benchmark December rubber settles Y8.7 lower at Y203.2/kg.
Source: Dow Jones