Rubber Falls to 2-Week Low as U.S. Confidence Data Weaken Demand
This article is for subscribers only.
Rubber fell after U.S. consumer confidence unexpectedly dropped this month, weakening the demand outlook for the commodity used in tires.
The contract for delivery in May on the on the Tokyo Commodity Exchange settled at 256.9 yen a kilogram ($2,530 a metric ton). That’s the lowest level for a most-active contract by volume since Nov. 8.