Natural rubber stocks in Japan at the end of January stood at 7,288 metric tons, up 6% from 6,877 tons Jan. 20, according to data issued Wednesday by the Rubber Trade Association of Japan.
Japan's natural rubber stocks had declined to historically low levels of 3,902 tons Nov. 10 and are still 28% lower than at the end of May 2009.
Natural latex stocks fell to 265 tons from 266 tons on Jan. 20, while synthetic rubber stocks rose to 1,891 tons from 1,832 tons.
The association didn't provide any reasons for the changes.
Strong demand from tire makers in China dragged down Japan's inventories in recent months and importers said they are now replenishing stocks.
Traders in Japan import rubber from Thailand, Malaysia and Indonesia. They have been selling some of their inventories to China to book profits, as prices are hovering around 16-month highs.
(Source: irco.biz)
Posts
0 nhận xét