This entry was posted on Thursday, October 16th, 2008 at 3:01 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 benchmark March RSS3 contract sinks to Y16 lower trading limit with most other contracts also at or hovering near lower limits. Weak fundamentals amid concerns about health of global economy, recent weakness in crude oil weigh; further losses likely in coming sessions, with test of Y150/kg psychological support expected next week, traders say. At 0620 GMT benchmark March RSS3 contract down Y16 at Y162.1/kg, lowest since August 2005. (ANJ)
Source: Dow Jones Newswires