Monday, 25 April 2011
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IRCo's WEEKLY MARKET SNAPSHOT: 18 - 22 April 2011
IRCo's DCP moved downwards and stood at 521.04 US cents/kg on Friday, or down 3.4% from an earlier Friday while rubber futures and physical markets in the region also fell significantly from an earlier Friday due to a downgrade to the U.S. debt outlook by Standard & Poor's and an announcement of the People's Bank of China to raise the reserve requirement ratio (RRR) by a half percentage point
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