Chinese speculators push rubber prices to 5-year high
Tokyo
FIRST, Chinese speculators came for coking coal and iron ore, catapulting markets into orbit. Now, they're carpetbagging a different commodity, pushing it to its fastest price rise in more than a quarter of a century - rubber.
Traders say Chinese investors are punting on global rubber demand surging on revived growth in China stoking the auto sector, allied with hope a Trump stimulus will stoke the US economy. The world's biggest tyre maker, Bridgestone, has already warned it may have to lift product prices.
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