Rubber Extends Fourth Monthly Decline on Oil Drop, Chinese Data
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Rubber extended a fourth monthly decline as a drop in oil and weaker-than-expected Chinese economic data cut the appeal of the commodity as an alternative to synthetic products used in tires.
Rubber for delivery in November dropped 0.5 percent to end at 257 yen a kilogram ($2,566 a metric ton) on the Tokyo Commodity Exchange. Futures lost 1.6 percent in May and have declined 15 percent this year.