Tokyo (february 18, 2011) : key tokyo rubber futures regained momentum and surged to a record high on thursday as investors returned to the market and bet on future supply shortages, while technical indicators pointed to a further rise in prices. the key tokyo commodity exchange rubber contract for july delivery settled at 528.4 yen, up 3.4 percent or 17.2 yen after rising as high as 530.6 yen, above tuesday's peak of 522.5 yen.
the most active shanghai rubber futures for may delivery closed down 1.3 percent at 41,305 yuan per tonne.
Thursday, February 17, 2011
Tokyo rubber remains at peak
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment