Rubber Drops as Oil’s Drop Cuts Appeal, China’s Demand May Slow
July 6 (Bloomberg) — Rubber declined as a drop in oil cut the cost of making rival synthetic products used in tires, and a slowdown in China’s car sales growth stoked concern that demand may weaken from the world’s largest consumer.
Futures in Tokyo lost as much as 2 percent as oil dropped for a sixth day in New York. Rubber has lost 4.2 percent this year amid concern that the global economic recovery may stall on Europe’s debt crisis and Chinese measures to curb growth. (more)
Liberia Gold, Diamond Output Falls in 1Q; Rubber Cocoa Rise
July 6 (Bloomberg) — Liberian gold production fell 68.5 percent in the first quarter of 2010 compared with the fourth quarter of last year, the Central Bank of Liberia said.
Rubber, Liberia’s main export commodity, had first quarter output rise 55.1 percent to 13,460 metric tons, compared with 8,678 tons in the fourth quarter of 2009. (more)