Welcome, Guest Login | Signup | Portfolio | Bookmark | Contact
Markets

Symbol Name
Click for Symbol Help




Rubber Futures in Tokyo Surge to 28-Year High as Oil Rallies

Bloomberg - May 23, 2008

Rubber futures in Tokyo jumped to the highest in 28 years as record oil prices made synthetic rubber more expensive, increasing the attraction of the natural product.

Rubber also gained as much as 3.4 percent as Chinese stockpiles fell for an eleventh week. The futures often move in the same direction as crude oil because the synthetic rival is made from naphtha, distilled from petroleum.

Exporters in Thailand, the largest producer, today raised offer prices because of slow production, increasing costs for Toyota Motor Corp., Japan's largest automaker, and tire producer Bridgestone Corp., which forecasts a 32 percent decline in profit this year as raw material prices rise. China, the world's fastest-growing major economy, is increasing imports as economic growth drives demand for cars and trucks.

Read Full Article from Bloomberg

- Posted: 2008-05-23 09:11:53


 More Stock Investor Place Financial News  
Metals price rout is ending, says Credit Suisse
The Gold Rally is Far From Over ... CNBC.com Editorial
Uragold Raw Quartz Assays As High As 4N Purity (99.99% SiO2) Prior To Commencement Of Testing
Interview with Mr. Tony Green, CEO of UMINING Resources Inc.(UMNG)
Northern Gold Intersects 5.47 g/t Au OVER 17.3 m at Jonpol Deposit

 Stock Investor Place Financial News Archive
April 2016
March 2016
December 2014
August 2013
April 2013
March 2013
February 2013
January 2013
December 2012
November 2012
October 2012
April 2012
March 2012
February 2012
January 2012
December 2011
November 2011
October 2011
September 2011
August 2011
July 2011
June 2011
May 2011
April 2011
March 2011
February 2011
January 2011
December 2010
November 2010
October 2010
September 2010
August 2010
July 2010
June 2010
May 2010
March 2010
February 2010
January 2010
December 2009
November 2009
October 2009
September 2009
August 2009
July 2009
May 2009
January 2009
December 2008
November 2008
October 2008
September 2008
August 2008
July 2008
June 2008
May 2008
April 2008
March 2008
February 2008
January 2008
December 2007
November 2007
October 2007
September 2007
August 2007
July 2007
June 2007
May 2007
April 2007
March 2007















Featured Companies | My Place | News | Markets | Big Board | Blogs | Products & Services

Copyright 2024 Stock Investor Place Inc. All Rights Reserved.
Disclaimer - Terms of Use - Privacy Policy - Advertise