[Dow Jones] Natural rubber futures on SHFE settle higher, with benchmark contract hitting new 2009 high of CNY23,505/ton, tracking rallies in metals following dollar”s decline against euro, says Orient Securities Futures analyst He Jing; adds sharp crude oil price rise also lends support. Says rubber contracts may correct lower in coming sessions before new rally after New Year holidays. Tips rubber contracts to continue to hover around CNY23,000/ton, citing charts. Benchmark March contract settles CNY380, or 1.7%, higher at CNY23,340/ton. (LIY)

Source: Dow Jones

[Dow Jones] RSS3 rubber on Agricultural Futures Exchange of Thailand lower on long liquidation, profit-taking, say traders. “Year-end liquidation pressure is driving down prices,” says trading executive at Thailand-based commodities brokerage; adds further correction during this week can”t be ruled out. Prices briefly fall below THB93/kg followed by mild speculative buying, but overall sentiment weak. Lack of trading leads from Tocom also prompting investors to close positions, says trader in Phuket. Tocom closed today for Emperor”s birthday. Benchmark July RSS3 contract trading THB1.05 lower at THB93.10/kg. (SAM)

Source: Dow Jones

Market Talk items for rubber futures on Tocom, C-Com are unavailable Wednesday as the market is closed for a public holiday. The items will resume Thursday.

Source: Dow Jones

Shanghai – Natural rubber futures on SHFE settle slightly lower on mild profit-taking, says Orient Securities Futures analyst Lin Hui; adds rubber contracts to stay in consolidation next few sessions. Tips rubber contracts to hover around CNY23,000/ton, citing charts. Benchmark March contract settles CNY130, or 0.6%, lower at CNY22,960/ton.

Source: Moneycontrol.com

[Dow Jones] Tocom RSS3 rubber futures settle lower on long liquidation, speculative selling, but overall fundamentals strong. “Investors are taking profits ahead of tomorrow”s holiday, but physical demand may push up prices again in the next few days,” says broker in Tokyo; adds prices likely to move in Y260-Y275 range for rest of 2009. Markets in Japan closed tomorrow for public holiday. China”s natural rubber imports up 19% on month in November at 120,641 tons despite high local inventories. Tocom”s May contract settles Y2.5 lower at Y267.7/kg. New benchmark June contract, which started today, settles at Y269.8. (SAM)

Source: Dow Jones