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Rubber Prices Bounce Back, Fueled by Automotive, Medical Demand

rubber-prices-bounce-back,-fueled-by-automotive,-medical-demand

A rebound in auto production in China and increased demand for medical gloves have sent prices for rubber soaring, making it one of the best-performing commodities in the world in recent months.

The prices for a variety of natural rubber used to manufacture tires have jumped almost 50% from their 2020 low in Singapore, one of three Asian trading hubs for the material. Rubber futures fetched just over $1.51 a kilogram on the Singapore Exchange on Tuesday, up from $1.03 on April 1.

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