Rubber Rallies to Eight-Month High on Weak Yen, China Exports
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Rubber climbed to the highest level in more than eight months after the Japanese yen neared a 2 1/2 year-low and exports from China exceeded forecasts.
Rubber for delivery in June jumped 1.7 percent to close at 313.3 yen a kilogram ($3,555 a metric ton) on the Tokyo Commodity Exchange, the highest settlement for the most-active contract since May 2. Futures have gained 3.6 percent this year, extending last year’s advance of 15 percent.