Rubber Jumps to 11-Week High as China’s Imports Surge to Record
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Rubber in Tokyo jumped to the highest level in more than two months after China’s imports surged to a record last month, indicating demand from the world’s largest user is increasing.
Futures for delivery in May on the Tokyo Commodity Exchange advanced 1.9 percent to end at 281.1 yen a kilogram ($2,728 a metric ton), the highest settlement since Sept. 20. Today’s rally pared losses this year to 7.1 percent.