Rubber futures hit nine-year high
14 Nov 2005 by Evoluted New Media
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 in a new window. ERJ is not responsible for the content of external sites.
Reuters (Japan) story