Rubber Drops Most in Two Weeks as U.S. Data Raise Demand Concern
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Rubber declined the most in two weeks as Japan’s currency advanced, cutting the appeal of the yen-denominated futures, and reports showed a slower pace of growth in U.S. manufacturing and payrolls.
Rubber for October delivery lost 2.4 percent to settle at 253.5 yen a kilogram ($2,606 a metric ton) on the Tokyo Commodity Exchange. That was the biggest drop for the most-active contract at close since April 18. Futures have plunged 16 percent this year.