Rubber prices fall to 2-month low on concerns over Chinese demand

Looser supplies, slower EV sales in China drag the market down

20240802N natural rubber

Workers in Thailand prepare rubber sheets for shipment. (Photo by Hiroshi Kotani)

MACHIKA SUZUKI, Nikkei staff writer

TOKYO -- International natural-rubber prices have hit lows not seen in more than two months, pushed down by easing supply concerns coupled with uncertainties over Chinese demand.

The most actively traded RSS3 futures touched 310.1 yen ($2.11) per kilogram at one point Friday on the Osaka Exchange. The global benchmark was last at that level in mid-May.

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