This entry was posted on Tuesday, January 27th, 2009 at 7:58 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.
RSS3 futures on Agricultural Futures Exchange of Thailand settle higher, in line with gains on bellwether Tocom, though volume very thin with just 775 lots exchanged. Strong gains on Tocom, steadier crude oil prices are main supportive factors, though recent reports that major producing countries aim to cut exports to try and shore up prices also helping to bolster sentiment, says trader. Adds focus to stay on crude oil, Tocom in coming sessions with thin trade likely for rest of this week with absence of world”s biggest consumer, China, for Lunar New Year holiday likely to damp trade elsewhere. Benchmark August RSS3 contract up THB2.50 at THB55.05/kg. (ANJ)
Source: Dow Jones