Rubber plunges to 4-month low | Bangkok Post: business

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Rubber plunges to 4-month low

Rubber plunged to a four-month low as the political impasse in Greece raised speculation the nation may leave the euro, deepening an economic slump in the region and weakening demand for the commodity used in tyres.

Photo by Muhamad Ayub Pathan

October-delivery rubber slumped as much as 5.1 per cent to 265 yen a kilogramme (US$3,317 a metric tonne), the lowest level for a most-active contract since Jan 6, before trading at 268 yen on the Tokyo Commodity Exchange at 10:15am local time. Prices have trimmed this year's advance to 1.7 per cent.

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