This entry was posted on Tuesday, September 30th, 2014 at 9:14 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 1.5% lower and there may be further downside risk due to a deep contango on Tocom, which indicates that near-month demand is weak in Japan, says Kaname Gokon, deputy general manager of research at brokerage Okato Shoji in Tokyo. Gokon pegs support at Y180/kg. He adds Shanghai rubber may also be subject to further declines ahead of the Golden Week holidays that start Wednesday. Benchmark March Tocom rubber settles Y2.7 lower at Y182.7/kg.
Source: Dow Jones