Tokyo rubber pares losses on tight supply
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Tokyo rubber futures finished down about 0.5 per cent on Monday, off the day's low as lingering supply tightness helped the market recoup some early losses on weaker crude oil prices.
The key Tokyo Commodity Exchange rubber contract for December delivery finished at ¥345.2 per kg, down ¥1.7 or 0.5 per cent, recovering from an intra-day low of ¥342.8. The day's peak was ¥347.3. Trades were heard to be done at $1.47 per pound for August SIR20 and September SIR10, both f.o.b. Belawan, market sources said.
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Source : Business Line |
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