Posted by traderhub > 2011-10-21 08:34 | Report Abuse

Quick update: rubber glove stocks.

Glove markers stocks on focus today. SUPERMX KOSSAN ADVENTA LATEXX RUBEREX. Rubber plunged to a 14-month low as a French-German split emerged over Europe’s rescue strategy, deepening concern the region may fail to contain debt crisis, hurting demand for raw materials.

The March-delivery contract dropped as much as 6.6 percent to 281.7 yen a kilogram ($3,670 a metric ton), the lowest level since Aug. 17, 2010, before trading at 282.5 yen on the Tokyo Commodity Exchange at 12:09 p.m. local time on 20 Oct 2011.

More news from bloomberg: http://www.bloomberg.com/news/2011-10-20/rubber-slumps-to-14-month-low-as-european-debt-concerns-dim-demand-outlook.html