Wednesday, August 6, 2008

Rubber Futures on Speculation

Natural rubber futures in Tokyo were narrowly mixed on Wednesday, contracts remained under pressure. Supply from Indonesia may decrease as the low production season begins. Rubber out put from Indonesia is expected to start declining this month.

The U.S dollar is around a seven-week high above 108.44 yen on this day. Crude oil dropped for a forth day in New York. Malaysian rubber prices closed lower, in the morning session, extending their downward movement for the fourth day.


Tokyo Commodity Exchange:
Rubber for January 2009 delivery traded at 314.9 yen per kilogram, 0.1 yen up.

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