Monday, July 30, 2007

Rubber Futures Advance to Five-Week High in Tokyo as Stockpiles Decline

(Bloomberg) -- Rubber futures in Tokyo rose to the
highest in five weeks after stockpiles of the material in Tokyo
Commodity Exchange warehouses fell to the lowest since December.

Stockpiles declined to 8,238 metric tons as of July 20, down
14 percent from 9,544 tons as of July 10, and the lowest since
Dec. 10, according to the exchange. Rain has slowed output from
Thailand, the world's largest producer, which may be contributing
to the lower inventories.


Read more at Bloomberg Commodities News

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