This entry was posted on Friday, June 12th, 2009 at 7:15 pm and is filed under Rubber News. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.
SINGAPORE, June 12 (Reuters) – China struck deals to buy Indonesian rubber at $1.52 a kg for June shipment this week, suggesting the world’s largest consumer was still keen to buy on dips, regional dealers said on Friday.
The deals may come as a surprise to Indonesia-based dealers, who complained that China had turned its back on SIR20 after active buying earlier this year.
SIR20 is still the cheapest tyre grade compared with Thai RSS3 and Malaysia’s SMR20.
Source: Reuters