Rubber Price Jumps After Possible Fed Stimulus
2012-4-26 0:00:00Font Size：Big Medium Small
Rubber advanced for a second day after Federal Reserve Chairman Ben S. Bernanke said he’s prepared to do more to stimulate U.S economic growth if necessary, raising the demand outlook for the commodity.
October-delivery rubber gained 0.8 percent to settle at 308.7 yen a kilogram ($3,804 a metric ton) on the Tokyo Commodity Exchange. The most-active contract has climbed 17 percent this year.
Bloomberg
- Tireworld Insight: Domestic tire makers eye overseas expansion
- Tireworld Insight: Price disparity severe between China's rubber exports and imports
- Tireworld Insight: China tire exports dependent on US market performance
- Tireworld Insight: SHFE rubber expected to move in tight range in short-term
- Tireworld Insight: Rubber futures to test near-term resistance at 15,000 yuan/tonne
- Tireworld Insight: China’s tire industry on track of rapid growth
