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Rubber Tumbles to Nine-Month Low on Concern China Demand to Slow

Rubber declined to a nine-month low amid concerns that an economic slowdown in China, the biggest buyer, will reduce demand for the commodity used in tires.

The contract for delivery in November on the Tokyo Commodity Exchange plunged as much as 4.2 percent to 228 yen a kilogram ($2,324 a metric ton), the lowest intraday trade since September, before ending at 236.3 yen. Futures added 0.4 percent this week, ending a five-week decline. The most-active contract lost 22 percent this year.