By Aya Takada
June 27 (Bloomberg) -- Natural rubber futures in Tokyo climbed to the highest in 28 years after crude oil surged to a record yesterday, boosting production costs for the rival synthetic product used to make car tires.
Rubber for December delivery rose as much as 6.8 yen, or 2 percent, to 354.7 yen a kilogram ($3,322 a metric ton) on the Tokyo Commodity Exchange and traded at 354.5 yen at 9:16 a.m. local time.
To contact the reporter on this story: Aya Takada in Tokyo atakada2@bloomberg.net
Friday, June 27, 2008
Rubber Futures Reach 28-Year High as Oil Boosts Rival's Costs
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