Markets
Rubber futures decline
(China Daily)
Updated: 2010-05-13 11:04
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TOKYO - Rubber dropped to a five-month low in a volatile trade on concern that accelerating inflation may spur China to take additional steps to curb growth.
Futures in Tokyo declined for a second day to the lowest level since Dec 16. The price has lost 10 percent this month after reaching a 21-month high of 338.5 yen per kilogram ($3,650) on April 16.
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September-delivery rubber on the Shanghai Futures Exchange gained 1.3 percent to 22,285 yuan ($3,264) a ton.
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