Thursday, 7 April 2011
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Rubber Futures in Tokyo Near One-Month High as Thai Floods May Cut Supply
Rubber climbed to near a one-month high as a weakening Japanese yen improved the appeal of the commodity used in tires and gloves, amid concern flooding in Thailand, the world's largest producer, may lower supply. The September-delivery contract gained as much as 1.5 percent to 464.8 yen a kilogram ($5,444 a metric ton) on the Tokyo Commodity Exchange before trading at 460 yen at 10:44 a.m.
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