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Rubber Trades at One-Week High as China Auto Sales Boost Demand

Rubber settled unchanged at a one-week high after data showed vehicle sales in China climbed by the most since January, boosting the outlook for demand from the world’s largest consumer of the commodity used in tires.

The contract for April delivery on the Tokyo Commodity Exchange ended at 258.6 yen a kilogram ($2,594 a metric ton), matching yesterday’s close that was the highest since Nov. 1.