Tocom Rubber Reverses Early Gains; FOMC Meeting Eyed

13 Sep 2012

Tocom RSS3 rubber futures fall after gaining as much as 1.6% in early trade, taking cues from Shanghai rubber, which fell into negative territory soon after opening. Traders say some profit-taking is expected after strong gains in rubber futures this week; the focus remains on whether the Fed will introduce new easing measures as it concludes a two-day policy meeting later in the global day.  A trader in Thailand tips key support at Y235/kg.  Benchmark February rubber trades Y0.8 lower at Y241.7/kg, off an early low at Y241.0/kg.