Thursday, August 14, 2008

Rubber Rises From Three-Month Low

Rubber futures in Tokyo commodity exchange rose more than one percent from a three-month low, as rain fall disrupted production in Thailand. Production during this period may slightly drop. Futures gained for the first time in five days, solidness in physical prices providing additional support. On Tuesday, the January contract fell as far as 303.1 yen, the lowest since May 2.

Tokyo Commodity Exchange:
Rubber for January 2009 delivery traded at 308 yen per kilogram, 3.6 yen up.

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