Tokyo rubber ends higher on supply concern

Print this page Posted on : 08-30-2008 by recycleinme.com

Key distant Tokyo rubber futures closed higher for eight straight sessions on Friday as increasing worries over supplies prompted active fund buying, with improved technical trends assisting the uptrend. The key Tokyo Commodity Exchange rubber contract for February delivery closed up 0.7 yen or 0.2 per cent at 320.7 yen per kg. The key contract faced some resistance around the 100-day moving average of 320.6 yen.

Source : Business Line