Rubber Gains to Three-Week High as U.S. Data Lift Demand Outlook
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Rubber advanced to the highest settlement in three weeks after data showed manufacturing in the U.S. grew and auto sales topped analysts’ forecasts, boosting the demand outlook for the commodity used in tires.
The October-delivery contract gained 0.6 percent to end at 315.8 yen a kilogram ($3,921 a metric ton), the highest close since April 10. The most-active price climbed for a fifth day today, the best run since the period to Jan. 20.