Bridgestone Pays 50-Year High for Thai Rubber

A Reuters report says Bridgestone paid $3.28/kg for some quantities on Thai RSS3 rubber in a deal that represents the highest price paid for the grade in 58 years. The report spoke to a dealer in Hat Yai, Thailand, who stated that the Japanese tyre-maker “has been in the market almost every day lately” but that only relatively small quantities were changing hands. The dealer also said that there was little “buying interest from China” currently.