19 April 2010 - China will sell another 30,000 tonnes of natural rubber from its reserves on 23 April 2010, after having sold 30,000 tonnes on 14 April 2010, according to an announcement made by the State Reserve Bureau.
This is seen as furthering the earlier the move by the Chinese government to mitigate the current high rubber prices and pressure from tight supplies domestically and from the Southeast Asian producing countries which are now experiencing low production due to the seasonal dry wintering.
China imported 300,000 tons of natural rubber worth US $ 758.092 million for the first two month of 2010, which was 6 percent more, year on year.
Latest data from the General Administration of Customs indicated that China’s natural rubber import for March 2010 was 190,000 tonnes, 46.15 percent more than the 130,000 tonnes imported in February
(irco.biz)
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