SHANGHAI (March 12)—The Chinese government plans to take extraordinary measures to bring skyrocketing natural rubber prices down in its domestic markets, according to rubber traders and news reports. China may sell some of its unspecified amount of NR reserves directly to tire manufacturers and increase its annual quota of low-tariff imported NR over the current level of 850,000 metric tons as part of an intervention requested by the China Rubber Industry Association. Rubber prices in China have surged 50 percent in the last year, according to the newsletter of international trader Centrotrade Deutschland GmbH.
China attempts to lower NR prices
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