Rubber returns at the highest level after Japan’s currency slid and China’s output increases.
According to customs agency, natural rubber imports by China were 190,000 tonnes in October. Bloomberg data showed that volume increased from 179,921 tonnes in September and 170,409 tonnes in the same month last year.
Data from the exchange showed rubber for May delivery on the Shanghai Futures Exchange climbed 0.6% to 19,595 yuan a tonne; stockpiles monitored by the bourse rose 4.4% to 154,194 tons, the highest since November 2004.