Published on October 22, 2010
• Rubber decreased for a third day, heading for the first loss in six weeks amid concern that demand from China may weaken after the world’s biggest consumer raised interest rates and its economy expanded at a slower pace.
• The most-active contract on the Tokyo Commodity Exchange lost as much as 1.2 percent to 330.5 yen per kilogram ($4,071 a metric ton) before trading at 332 yen at 11:25 a.m. It retreated from a 27-month high of 343 yen reached Oct. 15.
• Natural-rubber imports by China jumped 19 percent from a month earlier to 190,000 tons in September as the country’s passenger-car sales to dealerships quickened from August on additional incentives for buyers.
• Wholesale deliveries of passenger cars rose 19.3 percent to 1.21 million, accelerating from 18.7 percent in August, the China Association of Automobile Manufacturers said Oct. 12.
• Losses in rubber futures were limited by concern that wet weather in Asian producing countries may limit supplies, Shigemoto said. Central, northern and northeastern provinces in Thailand, the world’s largest producer, were affected by floods and rainfall spread across the country, the government said.
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