Rubber Climbs From Four-Month Low on U.S. Data, China Imports

Rubber rose from the lowest level in four months on better-than-expected factory orders in the U.S. and optimism for purchases from China, the biggest user.

The contract for delivery in September rose 0.2 percent to settle at 261.7 yen a kilogram ($2,800 a metric ton) on the Tokyo Commodity Exchange. Futures closed at 261.1 yen yesterday, the lowest in four months, after passing the threshold into a bear market on April 1.

China’s imports jumped 26 percent to 877,000 tons between January and March, the Association of Natural Rubber Producing Countries said in a monthly bulletin today. Orders placed with U.S. factories rose the most in five months in February, boosted by a pickup in demand for motor vehicles and commercial aircraft, a Commerce Department report showed yesterday.

“The U.S. data showed recovery signs,” Gu Jiong, an analyst at commodity broker Yutaka Shoji Co. commodity broker Yutaka Shoji Co.

Output among the world’s top producers, representing 93 percent of global supplies, increased 3.1 percent to 10.6 million tons in 2012, according to the rubber association. That compared with growth of 8.6 percent a year earlier, it said.

Thai rubber free-on-board was unchanged at 83.75 baht ($2.85) a kilogram today, according to the Rubber Research Institute of Thailand. That is the lowest level since November 2009, according to data compiled by Bloomberg.

The contract for September delivery fell 1.1 percent to close at 21,340 yuan ($3,441) a ton on the Shanghai Futures Exchange. Stockpiles monitored by the bourse fell for the first time in nine weeks by 192 tons to 117,504 tons, it said today.

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