Rubber Climbs for Second Day on U.S. Production Increase, Spain
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Rubber advanced for a second day after data showed industrial production expanded more than forecast in the U.S., spurring optimism demand will improve.
Rubber for March delivery climbed as much as 1.1 percent to 262.8 yen a kilogram ($3,335 a metric ton) before settling at 260.7 yen on the Tokyo Commodity Exchange. The most-active contract has rallied from a two-week low of 256 yen on Oct. 15.