This entry was posted on Monday, October 19th, 2009 at 7:24 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] Tocom rubber futures settle mostly higher, tracking strength in crude oil prices, though benchmark March contract off earlier highs, having again failed to breach key Y220/kg level. Outlook firm, however, with crude, tight supply likely to keep prices underpinned in near term–though market now likely to consolidate in Y212-Y219 range before pushing higher, participants say. Benchmark March RSS3 contract settles Y6 higher at Y218.8/kg having risen to Y219.5/kg earlier. (ANJ)
Source: Dow Jones