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Thursday, 24 February 2011

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Dip in rubber futures won't grow into a correction

  • Thursday, 24 February 2011
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  • A slip in rubber futures, which extended to 12% their tumble from last week's record high, does not herald a correction, as strong growth in Chinese and Indian car sales erodes stocks further this year. Commerzbank analysts forecast rubber prices will "likely remain at a high level", noting that 2011 looked set to be the fourth year in the last five in which demand for the tyre ingredient will



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