This entry was posted on Monday, January 5th, 2009 at 7:07 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 up in half day of trading, but off intraday high of Y150/kg, indicating market likely to find strong resistance at that level, says trader. Adds bullish crude oil main factor for today”s rise, though bearish rubber fundamental outlook likely to cap upside in coming sessions. Tocom is closed for remainder of the day for a public holiday in Japan; trading resumes Tuesday. Benchmark June RSS3 contract settles midday Y8.9 higher at Y145.00/kg after rising to Y150/kg in early trade, highest since Nov. 20. (ANJ)
Source: Reuters