Rubber Climbs for Seventh Week on Weak Yen, Upbeat Chinese Data
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Rubber rose for a seventh week, the longest winning streak since November 2007, after data from China, the world’s top consumer, beat estimates and the yen traded near a 30-month low, boosting demand.
Rubber for delivery in June surged 3.6 percent, the biggest gain at close since Oct. 25, to end at 316.3 yen a kilogram ($3,503 a metric ton) on the Tokyo Commodity Exchange. The price climbed 1.3 percent this week.