(Bloomberg) -- Rubber futures on the Shanghai Futures Exchange, the biggest market for the commodity, fell to a three-week low on concern that demand for the raw material may decline should China raise interest rates to cool its economy.
China may raise rates twice this year after a government report yesterday showed that economic growth accelerated to 11.1 percent in the first quarter, the second-fastest pace in 12 years. Premier Wen Jiabao is trying to stop cash from a record trade surplus from overheating the economy.
Read more at Bloomberg Commodities News
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment