Rubber futures in Tokyo Commodity Exchange fell more than one percent to a two-month low on concern that demand for tires may slow, and as investors sold commodities after crude oil fell.
New York Crude oil dropped below $120 for the first time since May. Platinum, a key precious metal used to clean vehicle exhaust fumes, fell nearly 6% to a six months low. Car sales slipped to a 16-years low in U.S.
Malaysian rubber prices moved down today on profit taking reaction to the weaker rubber futures in tocom.
Tokyo Commodity Exchange:
Rubber for January 2009 delivery traded at 315.2 yen per kilogram, 7 yen down.
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