Tokyo rubber futures slip

Bangkok  (january 14, 2011) : key tokyo rubber futures hit another record high on thursday, then slipped back as players took profits, dealers said. "tocom rubber rose in line with other commodities, but finally succumbed to profit-taking as players realised that the market was overbought," one dealer said.
the benchmark rubber contract on the tokyo commodity exchange for june delivery fell 0.7 yen to settle at 448.4 yen ($5.40) per kg. it rose to an intra-day high of 454.4 yen per kg, the highest ever, before profit-taking set in. dealers said tocom rubber could rise further on the prospect of strong demand at a time when supply remains thin.

(Source: http://www.brecorder.com/news/agriculture-and-allied/world/1143461:tokyo-rubber-futures-slip.html?hl=rubber)