BANGKOK, March 9 - Tokyo rubber futures continued to fall on Wednesday as weaker oil prices triggered stop-loss selling, but prices bounced up from support at around 400 yen per kg, dealers said.
* The benchmark rubber contract on the Tokyo Commodity Exchange <0#JRU:> for August delivery fell 4.1 yen to settle at 412.4 yen per kg. It fell as much as 3.7 percent to an intraday low of 401.0 yen, the lowest since Dec. 20.
* The contract had slumped nearly 9 percent to 416.5 yen per kg on Tuesday. That compares with the record high of 535.7 yen hit in mid-February.
* "Prices finally rebounded after finding a major support level at 400 yen per kg," said a Singapore-based trader.
* The most active Shanghai rubber contract for May delivery <SNRK1> rose 165 yuan to settle at 36,370 yuan per tonne.
* Brent crude dropped for a third day, dipping below $113 after reassurances from OPEC members of ample spare capacity eased anxiety about export losses from Libya, Africa's third-largest oil producer. [O/R]
* TOCOM prices may rally on Thursday after the support at 400 yen held, dealers said
(Source: http://malaysia.news.yahoo.com/rtrs/20110309/tap-markets-asia-rubber-c3bb44c.html)
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