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RUBBER WHITEBOX

HIGHLIGHTS:

Both the SICOM and TOCOM Rubber rose last week, following the decline in the U.S. Dollar Index (USDX). Strong crude oil prices remained as the main catalyst in lifting the prices in the commodities market. Shanghai Rubber Futures Sep 19 contract closed at CNY11,950 last Friday. The SHFE Rubber market has been trading marginally higher due to appreciation in Chinese Yuan against the U.S. Dollar.

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