Rubber Posts Biggest Weekly Loss in 9 Months on Demand Concerns
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Rubber tumbled the most this week in nine months amid concern demand may slow as China, the biggest user, called for property curbs and as European data signaled the region’s recession is worsening.
The contract for July delivery dropped 0.1 percent to end at 297.1 yen a kilogram ($3,184 a metric ton) on the Tokyo Commodity Exchange, the lowest settlement price for the most-active contract since Dec. 26. Futures fell 7.6 percent this week, the most since the week ended May 11.