Natural rubber futures climbed for a second day in Tokyo commodity exchange, increasing crude oil prices raised the making cost of synthetic rubber. Costlier crude oil boosts prices of naphtha, distilled from petroleum, a raw material for synthetic rubber. Rebound in crude oil prices, disrupted production in Thailand and firmness in other commodities fuelled short covering, tight physical supplies giving additional support.
The benchmark rubber contract on the Tokyo Commodity Exchange for January delivery went down by 3.5 yen, traded at 305.5
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