China tops up rubber reserve by 50,000 T - sources
Published: 28 Oct 2009 21:03:23 PSTBEIJING, Oct 29 - China has bought an additional 50,000 tonnes of rubber from the domestic market to boost reserves, industry sources said, bringing the total amount of state purchases to about 105,000 tonnes this year.
The purchases done in September included rubber from the growing provinces of Hainan and Yunnan, the sources said.
China, the world's largest rubber consumer, had initially planned to buy 65,000 tonnes of rubber to stabilise rubber prices and help farmers.
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