Rubber Snaps Five-Day Decline as Lower Prices May Lure Buyers
Tokyo, Jan. 29: Rubber gained for the first time in six days amid speculation lower prices may attract buying from China, the world’s largest consumer.
Futures in Tokyo recovered after reaching a one-month low yesterday. Rubber slumped 9.2 percent in the previous five days, heading for the worst monthly performance since September amid concern that the global economic recovery may falter as China may take more steps to slow growth.(Reuters)
http://www.bloomberg.com/apps/news?pid=20601012&sid=aORhqL3MXiTY
Saturday, January 30, 2010
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