By Aya Takada
Oct. 20 (Bloomberg) -- Natural rubber inventories monitored by the Tokyo Commodity Exchange declined 19 percent to a record low on Oct. 10, according to data from the exchange.
Inventories of the commodity, used to make car tires, dropped to 1,408 metric tons from 1,741 tons on Sept. 30 and have slumped 84 percent from this year's peak of 8,907 tons on Feb. 20, the exchange said today in a faxed statement.
Rubber for March delivery gained 2.4 percent to 173.2 yen a kilogram ($1,706 a metric ton) on the Tokyo exchange at 9:17 a.m. local time.
To contact the reporter on this story: Aya Takada in Tokyo atakada2@bloomberg.net
Monday, October 20, 2008
Natural Rubber Stockpiles in Tokyo Decline 19% to Record Low
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