SINGAPORE: Lean demand hurt prices for tyre-grade rubber in Asia this week, with the market failing to get a boost from top exporter Thailand's move to unload more than 200,000 tonnes in stockpiles, traders said.
China's Hainan Rubber Industry Group last week agreed to buy 208,000 tonnes of rubber from Thailand. But that did not lift sentiment in a market that has struggled with slower demand from No. 1 buyer China, keeping global benchmark prices not far off five-year lows reached in October.