Japanese rubber drop

08 Oct, 2021

TOKYO: Japanese rubber futures fell on Thursday from a six-week high hit in the previous session, hurt by worries over a property sector-led demand slowdown in top consumer China.

The Osaka Exchange rubber contract for March delivery, ended the day 0.4 yen, or 0.2%, lower at 214.1 yen per kg. The benchmark rose to 214.7 yen on Wednesday, the highest level since Aug. 26.

Kaisa Group, Central China Real Estate 0832.HK and Greenland became the latest property companies to see their bonds battered by uncertainty surrounding debt troubles at China Evergrande.

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