China stocks up on rubber

China has bought an additional 50,000 tons of rubber from the domestic market to boost reserves, industry sources said, bringing the total amount of State purchases to about 105,000 tons this year.

The purchases late last month included rubber from the country's main growing provinces but details only emerged this week.

China, the world's largest rubber consumer, had initially planned to buy 65,000 tons of rubber to stabilize rubber prices and help farmers.