Rubber Falls Most in Four Months as China Stockpiles Jump
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Rubber futures in Tokyo dropped by the most in more than four months amid rising stockpiles in China and a forecast widening of the global surplus for the commodity used in tires.
The contract for delivery in May on the Tokyo Commodity Exchange lost 3.2 percent, the biggest drop for a most-active contract since July 29, to end at 274 yen a kilogram ($2,630 a metric ton). The settlement is the lowest level since Dec. 3, bringing losses this year to 9.4 percent.