Tuesday, 17 May 2011
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Rubber Advances as Yen Suffers Decline
Rubber advanced to a one-week high as a drop in Japan's currency raised the appeal of yen-based contracts and as Sumitomo Rubber Industries announced an expansion in overseas tire production to meet growing demand. The October-delivery contract climbed as much as 3.1 percent to 382 yen per kilogram ($4,692 per metric ton), the highest level since May 11, before settling at 381.4 yen on the
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