Rubber advanced for a third day as wet weather disrupted tapping in Thailand, limiting supply from the world’s largest producer and exporter.
Rubber climbed for a second day, nearing an eight-month high reached Jan. 7, as speculation grew that China, the world’s biggest consumer, will step up purchases before holidays next month.
Copper dropped for a fifth day on concern that a probe into inventories at Qingdao Port will reduce demand for the metal as collateral for credit in China, the world’s biggest user of the commodity.
Rubber futures in Tokyo fell the most in more than three months and reached the lowest settlement since 2009 after the yen rallied and concern mounted that demand would ease in China.
Rubber tumbled on speculation that China, the world’s largest consumer, will raise interest rates to curb inflation, damping demand for commodities.
"Today's data showed China's economy is not that much worse than people expected."
- Kazuhiko Saito on Oct 20, 2014