Rubber Falls to Post Annual Decline as China Inventory Climbs
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Rubber futures fell in Tokyo, posting a yearly loss, as growing stockpiles in China increased concern that demand may slow in the biggest buyer of the commodity used in tires.
The contract for delivery in June on the Tokyo Commodity Exchange lost 1 percent to end at 274.5 yen a kilogram ($2,605 a metric ton). Futures gained 1.6 percent this month, while dropping 9.3 percent during volatile trading in 2013 that saw the raw material slump into a bear market in April and bounce back into a bull market in August. Japan’s markets will be closed from tomorrow for holidays and reopen Jan. 6.