Tokyo rubber futures gain

Print this page Posted on : 02-24-2009 by recycleinme.com

Key Tokyo rubber futures reversed earlier losses to close 1.3 per cent higher on Monday as caution over tight supply due to planned export cuts by top producing countries kept the floor well above ¥130.

The key Tokyo Commodity Exchange rubber contract for July delivery closed at ¥135.9 per kg, up ¥1.7 from Friday. It earlier hit an intraday low of ¥131.1, down 2.3 per cent. Tokyo's front-month February rubber futures contract expired on Monday at ¥123.6 per kg, unchanged from Friday's close, with 128 lots or 640 tonnes of deliveries.

Source : Business Line