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What is the lowest price of rubber futures in five years?
Rubber futures fell sharply to the lowest level in more than five years. The increasing inventory in China, the world's largest consumer, and the growing concern about oversupply in Thailand, the world's largest exporter, have put pressure on prices. On a certain day, the main contract of Hujiao 150 1 plunged 5% in intraday trading, hitting the lowest price since March 200913,475 yuan/ton and closing at13,530 yuan/ton, with a drop of 4.62% for the whole day.