Rubber Futures Decline After China Raises Reserve Requirements
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Rubber declined as China stepped up measures to rein in liquidity, dimming demand prospects from the biggest user. The cash price in Thailand, the top supplier, rose to a record.
The July-delivery contract declined as much as 0.8 percent to 522.1 yen per kilogram ($6,277) and settled at 524.9 yen on the Tokyo Commodity Exchange. Earlier, it rose as much as 1.2 percent as crude oil gained on unrest in North Africa and the Middle East. Rubber reached a record 535.7 yen on Feb. 18.