Rubber Declines on Concern Demand May Slow on China Tightening
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Rubber in Tokyo declined, paring a weekly gain, on concern demand from China, the biggest user, may slow as the government continues to tighten monetary policy to rein in inflation.
The August-delivery contract on the Tokyo Commodity Exchange fell as much as 3.9 percent to 419.2 yen a kilo ($5,175 a metric ton) and closed at 429.60 yen. Futures gained more than 5 percent this week, rallying to 446.9 yen on March 23 or about 33 percent above the four-month low this month, after Thailand, Indonesia and Malaysia agreed to delay exports if prices tumbled.