Markets

Rubber futures decline

(China Daily)
Updated: 2010-05-13 11:04
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TOKYO - Rubber dropped to a five-month low in a volatile trade on concern that accelerating inflation may spur China to take additional steps to curb growth.

Futures in Tokyo declined for a second day to the lowest level since Dec 16. The price has lost 10 percent this month after reaching a 21-month high of 338.5 yen per kilogram ($3,650) on April 16.

Related readings:
Rubber futures decline European aid gives rubber a bounce
Rubber futures decline Anti-dumping measures on chloroprene rubber under review
Rubber futures decline Drought takes bounce off rubber growers
Rubber futures decline Rubber demand up on vehicle sector expansion

Rubber for October delivery, the most-active contract, tumbled as much as 3.3 percent to 255.8 yen per kilogram on the Tokyo Commodity Exchange, before settling at 262.3 yen.

September-delivery rubber on the Shanghai Futures Exchange gained 1.3 percent to 22,285 yuan ($3,264) a ton.

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