Searing heat in China`s southwest is causing havoc in the world`s largest rubber futures market after forcing the nation`s top plantation owner to cease tapping.
The price of rubber has fallen markedly in recent months due to a slowdown in demand in international markets, particularly China.
China`s biggest natural rubber producer on Thursday said it had suspended tapping for the commodity at some plantations from last weekend due to drought and soaring temperatures in the nation`s main growing area.
Rubber report for your information and reading pleasure.
It`s springtime for China bulls.