Japan's natural rubber imports rose 19% in October, probably because of the sharp drawdown of inventories seen in the previous few months.
The country imported an estimated 55,266 metric tons of natural rubber, up 19% from 46,383 tons in September, according to data issued by the Rubber Trade Association of Japan.
Traders said the buying may have been due to the need to rebuild inventories, but the association didn't give any reason for the increase.
The rise in imports was due mainly to higher purchases of the RSS grade, which rose to 15,367 tons in October from 10,823 tons. Most of the RSS grade imports were from Thailand.
The bulk of the imports in October were of the TSR grade, at 37,357 tons, up from 33,133 tons.
TSR20 imports in October included 26,281 tons from Indonesia, up from 23,036 tons.
Natural rubber imports in the January-October period were estimated at 488,300 tons, of which Indonesia's TSR grade accounted for almost half.
(Source: irco.biz)
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