Tokyo (february 16, 2011) : benchmark tokyo rubber futures hit a record high on tuesday as concerns over tight supply and strong physical rubber prices in producing countries continued to lend support, but a drop in shanghai futures capped gains.
the key tokyo commodity exchange rubber contract for july delivery settled up 0.2 percent or 0.8 yen at 519.5 yen, after climbing to a historic high of 522.5 yen during the evening session on monday, which is counted as part of tuesday's day session. the most active shanghai rubber futures for may delivery closed down 2.2 percent at 41,905 yuan ($6,352) per tonne. volume picked up to 535,802 lots from monday's 444,090. they marked a record high of 43,500 yuan last week. asian physical rubber prices were steady at relatively high levels on tuesday, with the benchmark thai rss3 being offered at the record, supported by tight supply, dealers said.
Tuesday, February 15, 2011
Tokyo rubber hits historic high
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