This entry was posted on Wednesday, October 29th, 2008 at 7:01 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 settle higher, helped primarily by firmer crude oil, weaker yen vs dollar, says trader in Tokyo; adds potential for heavy volatility remains due to weak longer-term fundamentals. Tocom expected to consolidate in wide Y160-Y190 range in coming sessions though “I still wouldn”t rule out a test below Y150/kg, if the market doesn”t show signs of a proper recovery soon,” trader says. Benchmark Apr RSS3 contract settles Y7.4 higher at Y173.9/kg. (ANJ)
Source: Reuters