BR100 Increased By (0.25%)
BR30 Increased By (0.34%)
KSE100 Increased By (0.38%)
KSE30 Increased By (0.25%)
AGHA 7.61 Decreased By ▼ -0.02 (-0.26%)
BECO 5.27 Decreased By ▼ -0.30 (-5.39%)
BML 60.00 Increased By ▲ 0.26 (0.44%)
BOP 34.74 Increased By ▲ 0.34 (0.99%)
CNERGY 12.73 Decreased By ▼ -0.38 (-2.9%)
CSIL 6.51 Increased By ▲ 0.10 (1.56%)
FCCL 57.90 Decreased By ▼ -0.16 (-0.28%)
FFL 16.28 Increased By ▲ 0.05 (0.31%)
FNEL 1.21 No Change ▼ 0.00 (0%)
KEL 7.44 Increased By ▲ 0.01 (0.13%)
KOSM 6.10 Increased By ▲ 0.07 (1.16%)
LOTCHEM 27.75 Increased By ▲ 0.08 (0.29%)
MLCF 102.71 Decreased By ▼ -0.04 (-0.04%)
NBP 205.30 Increased By ▲ 0.24 (0.12%)
NCPL 61.58 Increased By ▲ 1.95 (3.27%)
NPL 70.60 Increased By ▲ 2.04 (2.98%)
OGDC 320.50 Increased By ▲ 1.58 (0.5%)
PACE 11.25 Increased By ▲ 0.20 (1.81%)
PAEL 43.04 Decreased By ▼ -0.06 (-0.14%)
PIBTL 16.60 Decreased By ▼ -0.03 (-0.18%)
PPL 232.60 Increased By ▲ 3.15 (1.37%)
PRL 69.02 Decreased By ▼ -1.78 (-2.51%)
PTC 71.15 Increased By ▲ 0.15 (0.21%)
SSGC 27.41 No Change ▼ 0.00 (0%)
TBL 10.30 Decreased By ▼ -0.01 (-0.1%)
TELE 8.56 Increased By ▲ 0.03 (0.35%)
TPL 23.15 Increased By ▲ 0.09 (0.39%)
TPLP 15.70 Decreased By ▼ -0.06 (-0.38%)
TREET 24.85 Increased By ▲ 0.14 (0.57%)
TRG 60.01 Decreased By ▼ -0.28 (-0.46%)
Markets

Key TOCOM contract flat, holds above support

Published Updated

 BANGKOK: The benchmark Tokyo rubber contract ended flat on Wednesday as profit-taking emerged after a jump early in the session, but prices were still supported by tight supply in producing countries, dealers said.

* The benchmark rubber contract on the Tokyo Commodity Exchange for August delivery lost just 0.3 yen to settle at 433.6 yen ($5.38) per kg. Other contracts rose by 1.5 to 5.0 yen.

* August jumped 3 percent to a high of 446.9 yen early on Wednesday, prompting some players to take quick profits.

* "TOCOM rubber should rise further after the price finished above the strong support level at 430 yen," one dealer said. Others noted that demand remained strong while supply was tight.

* The most active Shanghai rubber contract for May delivery rose 750 yuan to finish at 36,650 yuan ($5,580) per tonne.

Copyright Reuters, 2011

Comments

Comments are closed for this article.