Tuesday, 26 April 2011
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Rubber Declines on Demand Concerns Following Japan's Earthquake Crisis
Rubber declined amid concern that a disruption in car production caused by Japan's record earthquake will continue, curbing demand for the commodity. The September-delivery contract lost as much as 3.4 percent to 404.9 yen per kilogram ($4,930 per ton) on Monday (Apr 25), extending last week's 3.7 percent slump, before settling at 405.2 yen on the Tokyo Commodity Exchange. Toyota Motor
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