Economics
Rubber Rallies to Record on U.S. Job Data, Thai Supply Shortage
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Rubber extended its rally to a record after data showed improvement in the U.S. economy, boosting expectations demand will expand for the commodity used in tires. The cash price in Thailand climbed to an all-time high.
June-delivery rubber climbed to 440.8 yen a kilogram ($5,308 a metric ton) on the Tokyo Commodity Exchange in after-hours trading. Trading in this session will be settled Friday. The most-active contract has increased 6.3 percent this week, extending last year’s advance of 50 percent.