Rubber: climbs for a 4th day to 1-wk high. May-delivery rubber in Tokyo gained as much as 2.7% to ¥373.3/kg (US$4440/mt). May futures in Shanghai +2.8% at Rmb 31900/ton at midday…
Reasons cited include bigger-than-forecast growth in US
employment and higher vehicle sales, as well as faster-than-estimated manufacturing growth in China, which may boost demand for rubber tires. This comes amidst a backdrop of weak supply, due to weather disruptions in Thailand, Msia, the major rubber producing countries.
GMG unchg at $0.31.
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