Rubber prices enter ‘bull market’, tyre makers will be affected
Rubber prices are entering a “bull market” as futures hit a three-month high following indications that China's economy is likely to demand more rubber for tyres. According to a Bloomberg report, rubber for delivery in January advanced as much as 3.2 per cent to 278 yen a kilogramme (2,817 a metric tonne) on the Tokyo Commodity Exchange, 22 per cent up from this year’s lowest close.