Tuesday, June 26, 2007

Rubber Sinks to Three Month Low in Tokyo as Supply Increases, Demand Slows

(Bloomberg) -- Rubber futures in Tokyo, the global
benchmark, fell to their lowest in more than three month on
expectations supplies will exceed demand as the peak consumption
season ends.

Natural rubber contracts on the Tokyo Commodity Exchange
failed to rise to 300 yen a kilogram in the past two months, the
high season for demand, signaling to some traders that the
commodity has further to decline.


Read more at Bloomberg Commodities News

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