This entry was posted on Wednesday, February 10th, 2010 at 8:26 am 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 higher on short covering, strong physical demand, supported by positive leads from other commodities Also some buying on bargain hunting, says Thailand-based trading executive. Still unclear whether key psychological support at Y270 will be sustained during next few days, says Tokyo-based broker. Physical demand still there, but some buyers already on sidelines due to upcoming Lunar New Year holiday, say trading executives. Nymex light, sweet crude for March delivery settled 1% higher overnight at $71.89/bbl. Benchmark July rubber contract settles Y3.6 higher at Y270.2/kg. (HLN)
Source: Dow Jones