Welcome Guest   |  Login   |   Signup
JG Logo
Fri, February 10, 2012
Archive Search

Rise in Crude Oil Boosts Rubber to 15-Month High
December 25, 2009

Share This Page
0
0
0
0
Share with google+ :


Post a comment
Please login to post comment

Comments

Be the first to write your opinion!

Rubber climbed to a 15-month high after crude oil rose on optimism that the US economic recovery is gathering momentum, increasing its competitiveness against rival synthetic products that are made from petroleum.

Futures in Tokyo advanced as much as 1.5 percent to the highest level since September 2008. Oil rallied for a third day on Thursday as initial US jobless claims fell more than estimated and orders for durable goods excluding transportation equipment topped economist forecasts.

“Rising crude oil prices and a weakening yen continue to drive rubber prices higher,” Rewat Yenchai, an analyst at Agrow Enterprise, said by phone from Bangkok on Friday.

Natural rubber for June delivery climbed by as much as 4 yen to 278.9 yen ($3.05 per kilogram on the Tokyo Commodity Exchange before settling at 276.3 yen. Prices gained 2.5 percent this week, extending last week’s 9.2 percent increase. 



Bloomberg




  • 10:42pm | 12 Detainees Pull Off Brazen J...
    Jailbreak happens all over the World Governments should give education and hope to the poor or else the Higly organised Mega Rich Crime will destro
  • 10:15pm | Notorious Gang Boss Could Be B...
    Every Big city in the World has a huge crime problem So Jakarta no different. Honesty is the best policy. My father said to me when I was a young ...
  • 10:07pm | Israel’s Stance on Iran Could ...
    Strike is a made up war from the free mason and illuminati, they need to justify a war to reduce the worlds population by 90%. A nwo will be create
  • 9:52pm | Sumitomo Bets on Indonesia’s G...
    u have less chance of seeing a big fish convicted than I have of buying JPB a few beers
  • 9:42pm | Israel’s Stance on Iran Could ...
    Moscow's stance on Syria IS catastrophic...
  • 9:42pm | What US Stop Online Piracy Act...
    Am I the only one who believes that Indonesian govt doesn't care about sopa, so does everyone else in the country? It tickled us only when Wikiped
  • 9:41pm | What US Stop Online Piracy Act...
    Am I the only one who believes that Indonesian govt doesn't care about sopa, so does everyone else in the country? It tickled us only when Wikiped
  • 9:29pm | Sumitomo Bets on Indonesia’s G...
    @Valkyrie: don't get our high hopes, the bigger fishes are only AU, and maybe AM as "bonus".. but it stops there. Indonesian people will forget