Rubber Producers Look to China for Recovery

According to btimes.com.my, "Rubber dealers expect China's appetite for the commodity to bounce back and pull their industry from the doldrums even as demand shrinks elsewhere, but recent defaults have made suppliers cautious.

As the global financial crisis puts the skids under the car sector, dealers are eyeing China, despite lingering distrust after it scrapped deals for as much as 200,000 metric tons last year, costing suppliers in Thailand, Indonesia and Malaysia millions of dollars. According to Djoko Said Damardjati, secretary-general of the Association of Natural Rubber Producing Countries, which accounts for 90 percent of global output, China would have the quickest recovery based the current trend.