Tokyo rubber steady

Print this page Posted on : 02-28-2008 by recycleinme.com

Tokyo rubber futures ended steady in a rollercoaster trade on Wednesday as oil rallied to new record above $ 101 a barrel but a stronger Japanese yen weighed on prices.

The benchmark rubber contract on the Tokyo Commodity Exchange for August delivery £ ¥ 318.7 on the back soaring oil prices but fell to a day low ¥ 306.2 as the currency firmed, before settling steady at ¥ 312.2 ($ 2.91) per kg.

Source : Business Line