Monday, 25 April 2011
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Asia Rubber: Tyre grade slips on demand fears; China shy away
SINGAPORE, April 25 � Prices of tyre grade slipped today as rubber futures tumbled on fears about weakening demand from auto makers, while main consumer China turned to cheaper cargo kept in domestic warehouses, dealers said. Indonesia's SIR20 grade changed hands late last week at US$4.885 (RM14.655) a kg for June shipment, down from US$5.68 a kg offered last Monday. Malaysia's SMR20 was traded
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