Japan imported 69,256 tonnes of natural rubber in April, up 6.7% from March and 33.0% from a year earlier, according to data released by the Rubber Trade Association of Japan.
Whilst no reason was provided for these changes, the Association referred to data from the Japan Automobile Dealers Association that domestic sales of new cars, trucks and buses had been rising for the last 10 consecutive months, by 28% compared to a year earlier in May.
The Association also released data on Japan’s NR stocks which was down 11% from 4,963 tonnes on May 10 to 4,416 tonnes on May 20, while natural latex stocks was up to 162 tonnes from 112 tonnes and synthetic rubber stocks from 1,525 tonnes to1,607 tonnes.
Japan’s rubber stocks have been steadily declining. The highest level this year was recorded on 28 February at 8,222 tonnes whilst the record low of 3,902 tonnes was touched on 10 November 2009.
(Irco.biz)
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