Rubber Drops to Five-Month Low on China Demand Concerns
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Rubber in Tokyo extended losses for a fourth day to a five-month low as concerns grew that abundant supply in China will slow purchases from the largest consumer.
The contract for delivery in June on the Tokyo Commodity Exchange dropped 0.6 percent to end at 248.1 yen a kilogram ($2,376 a metric ton), the lowest settlement for a most-active contract since Aug. 7. Futures lost 9.6 percent this month.