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.
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 declined almost to a six-week low after data showed manufacturing in China, the world’s largest consumer, fell more than economists forecast and as a slump in silver spurred selling of industrial commodities.
"U.S. beef is becoming less affordable to Japanese consumers because of a weakening yen and rising demand from emerging markets."
- Kazuhiko Saito on Nov 13, 2014