Rubber Tumbles as China May Raise Lending Costs, Curbing Demand
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Rubber tumbled on speculation that China, the world’s largest consumer, will raise interest rates to curb inflation, damping demand for commodities.
April-delivery rubber on the Tokyo Commodity Exchange dropped as much as 3.6 percent to 345.3 yen per kilogram ($4,139 a metric ton) before settling at 353.5 yen. Futures in Shanghai slumped by the daily price limit.