Monday, 28 February 2011
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Rubber To Rise Amid Increased Demand, Low Supply
Rubber has slumped 15 percent in the last week, but analysts see the slump as a prelude to record highs. Prices may advance by up to 32 percent to 605 yen a kilogram ($7,407 a metric ton) by December, according to the median estimate in a Bloomberg survey. Bridgestone (OTC: BRDCY) and Michelin are responding to raw material price increases by raising their own prices as much as 15 percent.
http://bit.ly/fbkKOf
http://bit.ly/fbkKOf
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