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8 Sep 2014: Tocom Rubber Settles Lower Despite Weak Yen

Tocom rubber futures settle 0.6% lower in a day of slow trade as China is closed for a public holiday. Despite the weak yen, Tocom’s upside is limited at Y200/kg as the Thai junta is selling the country’s large stockpile and as Shanghai rubber has been weak, says a Tokyo-based analyst who pegs support at Y195/kg. Benchmark February rubber settles Y1.1 lower at Y196.6/kg, after moving in the Y196.1-Y198.0/kg range.

Source: Dow Jones

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« 5 Sep 2014: Tocom Rubber Settles Lower; Weak Yen Limits Losses
11 Sep 2014: Tocom Rubber Settles Slightly Lower; Yen Limits Losses »

This entry was posted on Monday, September 8th, 2014 at 6:31 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.

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