Economics
Rubber Declines to One-Week Low on Concerns Demand May Weaken
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Rubber dropped to the lowest level in a week after the International Monetary Fund cut its global growth forecast for 2013, raising concern demand for the commodity used in tires will falter.
The contract for delivery in June lost 0.3 percent to end at 307.3 yen a kilogram ($3,439 a metric ton) on the Tokyo Commodity Exchange, the lowest closing price since Jan. 17.