Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Bloomberg Customers

Rubber Declines as China’s Cash Crunch Spreads to Auto Dealers

Rubber fell the most in nearly a month as a cash crunch in China, the biggest consumer, is spreading to the nation’s auto dealerships.

Rubber for delivery in December on the Tokyo Commodity Exchange fell 2.8 percent, the most at close since June 13, to 234.7 yen a kilogram ($2,346 a metric ton). Futures have lost 22 percent this year.

China’s cash crunch has led to psychological panic among auto dealers over access to financing, Luo Lei, deputy secretary-general of the China Automobile Dealers Association, said yesterday. The state-backed China Association of Automobile Manufacturers is scheduled to release wholesale vehicle sales data today.

“Investors remain concerned over slow demand from China,” said Gu Jiong, an analyst at commodity broker Yutaka Shoji Co.

China’s inflation stayed subdued in June while a decline in factory-gate prices extended its longest streak in a decade, underscoring weaker demand in an economy that probably decelerated for a second quarter.

Rubber for January delivery on the Shanghai Futures Exchange rose 0.6 percent to close at 17,280 yuan ($2,817) a ton.

Thai rubber free-on-board fell 1.2 percent to 80.70 baht ($2.58) a kilogram today, according to the Rubber Research Institute of Thailand.

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.