Rubber price rebounds from lowest from 2009
2012-6-8 0:00:00Font Size：Big Medium Small
The Standard & Poor’s GSCI gauge of 24 commodities fell 0.3 percent to 591.2 at 5:02 p.m. Singapore time. The UBS Bloomberg CMCI index of 26 raw materials fell 0.2 percent to 1,435.778.
Amongst, rubber rebounded from the lowest level since November 2009 on optimism that demand may increase as global policy makers take steps to boost economic growth.
The November-delivery contract gained as much as 4.2 percent, the biggest climb since Jan. 17, to 251 yen a kilogram ($3,165 a metric ton) before settling at 243.4 yen on the Tokyo Commodity Exchange. Futures have tumbled 7.6 percent this year.
Bloomberg
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