Rubber near one-week high as China auto sales boost demand outlook

ERJ staff report (TP)

Tokyo − Rubber traded near a one-week high yesterday (12 November) after data showed vehicle sales in China climbed by the most since January, boosting the outlook for demand from the world’s largest consumer of the commodity used in tires, reported Aya Takada from Bloomberg.

The contract for delivery in April on the Tokyo Commodity Exchange gained as much as 0.7 percent to 260.3 yen a kg (€1.9436) and traded at 260.2 yen (€1.9428) at 10:14am (12 November, Japan time). Futures settled at…

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