Rubber futures hit nine-year high

Tokyo (Reuters) – Tokyo rubber futures extended a rally on Wednesday to their highest level in nine years, led by a buoyant spot contract amid concerns about tight physical supply and historically low rubber stocks in Japan.

The benchmark December rubber contract on the Tokyo Commodity Exchange rose as high as 169.2 yen per kg, the priciest for TOCOM’s key contract since March 11, 1996, when prices hit 174.6. At the close it was up 3.4 yen at 168.7.

This is an external link and should open…

To read more,please login or register below.

This is the first step to more free
content, user offers, subscriptions
and more.
Log in here using the Email Address
and Password you signed up with