Tokyo rubber extends gains

Print this page Posted on : 08-29-2008 by recycleinme.com

Tokyo rubber futures extended gains for the seventh consecutive session on Thursday to close at ¥320, riding on the coat-tails of soaring crude oil prices. The key Tokyo Commodity Exchange rubber contract for February delivery finished at ¥320 per kg, after earlier rising about 1.7 per cent to ¥324.1, the highest level since Aug. 4. Physical rubber prices remain strong, supported by solid demand and firm TOCOM rubber futures.

Source : Business Line