Rubber Advances for Second Day as China May Step Up Purchases
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Rubber climbed for a second day, nearing an eight-month high reached Jan. 7, as speculation grew that China, the world’s biggest consumer, will step up purchases before holidays next month.
Rubber for delivery in June gained 0.8 percent to end at 308 yen a kilogram ($3,521 a metric ton) on the Tokyo Commodity Exchange, extending this year’s rally to 1.8 percent. The contract reached 313.7 yen on Jan. 7.