Rubber in Shanghai, Singapore, Thailand Climbs to Records
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Rubber in Shanghai, Singapore and Thailand climbed to records amid concern that rain and flooding may limit supply from major producers in Asia. Futures in Tokyo retreated from a 30-year high.
May-delivery rubber on the Shanghai Futures Exchange jumped as much as 5.8 percent to an all-time-high of 37,070 yuan ($5,558) a metric ton before closing at 35,865 yuan. December-delivery rubber on the Singapore Commodity Exchange advanced as much as 2.8 percent to $4.34 a kilogram.