QUINGDAO, China’s main rubber inventory site sees a record incline in May as imports increased amidst moderate demand levels.
According to reports, stockpiles in the bonded zone, where traders store deliveries before paying duties, climbed to 371,100 metric tonnes at the end of May from 366,900 tonnes on April 15. The expanding stockpiles allegedly signals the country’s easing demand for rubber at the wake of a slow economic growth.