Economic Calendar

Monday, June 8, 2009

Rubber Futures Decline as Much as 3.7% as Crude Oil Slides

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By Rattaphol Onsanit

June 8 (Bloomberg) -- Natural Rubber declined as much as 3.7 percent in Tokyo as lower crude oil prices boosted appeal for its synthetic rival, made from petroleum byproducts.

Rubber for November delivery fell to as low as 166.1 yen a kilogram ($1,687 a ton) on the Tokyo Commodity Exchange, before trading at 169.1 yen as of 3:25 p.m. local time.

To contact the reporter on this story: Rattaphol Onsanit in Bangkok at ronsanit@bloomberg.net




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