Monday, 2 May 2011
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Rubber Slumps as China's Manufacturing Index Declines More Than Forecast
Rubber declined almost to a six-week low after data showed manufacturing in China, the world's largest consumer, fell more than economists forecast and as a slump in silver spurred selling of industrial commodities. The October-delivery contract lost as much as 3.7 percent to 374.6 yen a kilogram ($4,615 a metric ton) before trading at 377.7 yen on the Tokyo Commodity Exchange at 11:40 a.m.
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