Rubber Gains for Second Week on U.S., China Car Sales, Weak Yen
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Rubber advanced for a second week as robust car sales in China and the U.S. boosted demand prospects for the commodity used in tires and Japan’s currency weakened against the dollar ahead of U.S. jobs data.
Futures for delivery in May on the Tokyo Commodity Exchange gained 0.5 percent to end at 275.8 yen a kilogram ($2,700 a metric ton). Futures climbed 2.1 percent this week, paring losses this year to 8.8 percent.