This entry was posted on Thursday, July 2nd, 2009 at 4:42 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.
[Dow Jones] Asian cash rubber prices drift slightly lower in thin volume, with buyers back on sidelines following active trade yesterday. “The market is still lacking a strong sense of direction; supply is now relatively normal, China continues to buy though the U.S. and Europe are still quiet,” says trader in Singapore. Adds yesterday”s strong buying by China mostly fueled by firmness in crude oil prices. Sluggish, rangebound rubber futures markets today also damp trade in cash market.
Source: Dow Jones