Rubber rises for 2nd day
China Daily | Updated: 2010-05-28 07:48
TOKYO - Rubber advanced for a second day to the highest level in three weeks as a rally in crude oil and limited supplies from Thailand, the largest producer, boosted demand for the commodity used to make tires.
Futures in Tokyo were also bolstered by a fall in Japan's currency against the dollar.
"Overall sentiment is bullish" given the gains in oil and other commodities, said Kazunori Kokubo, general manager of the international business department at commodity broker Yutaka Shoji Co.
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