Monday, 4 April 2011

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Rubber Climbs as Oil's Rally Boosts Cost of Synthetic Products

  • Monday, 4 April 2011
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  • Rubber rallied to the highest in more than one week as oil reached a 30-month high, increasing the cost of rival synthetic products and boosting demand prospects for the commodity used to make tires. The September-delivery contract rose as much as 4.1 percent to 444.7 yen a kilogram ($5,284 a metric ton), the highest since March 23, on the Tokyo Commodity Exchange and closed at 444.1 yen. The



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