Rubber Books Quarterly Gain as Stimulus Speculation Increases
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Rubber advanced to a one-week high in Tokyo, extending a quarterly rally, as speculation increased that governments worldwide will take additional measures to bolster growth after data showed a further slowdown. Prices in Shanghai rallied to the highest close since May 11.
March-delivery rubber settled at 260.5 yen a kilogram ($3,361 a metric ton) after jumping as much as 2.6 percent to 261.3 yen, the highest level since Sept. 20. The most-active contract on Tokyo Commodity Exchange has gained 8.5 percent this quarter, paring this year’s loss to 1.1 percent. It’s 20 percent higher this month, the first gain in seven.