This entry was posted on Friday, June 5th, 2015 at 8:32 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.
Benchmark Tokyo rubber futures rebounded on Wednesday as investors covered short positions in early trade, but gains were capped by profit-taking after Shanghai futures lost ground. The Tokyo Commodity Exchange (TOCOM) rubber contract for November delivery finished 0.7 yen, or 0.3 percent, higher at 241.1 yen ($1.95) per kg. It earlier rose to as high as 245.0 yen, but came under pressure due to profit-taking in late trade, following a decline in Shanghai futures, dealers said.
The most-active rubber contract on the Shanghai futures exchange for September delivery fell 390 yuan to finish at 14,385 yuan ($2,321.25) per tonne, weighed down by a China stock index that slipped after two sessions of strong gains. The front-month rubber contract on Singapore’s SICOM exchange for July delivery last traded at 162.1 US cents per kg, down 1.4 cent.
Source: Reuters