Asian physical rubbers were quoted mostly lower on Wednesday despite futures contracts prices rising on the Tokyo Commodity Exchange. Trading was thin, with buyers waiting for prices to fall and sellers refusing to lower their prices as raw material costs were still high, traders said.
"Buyers didn't want to pay that much so there were a lot of inquiries but few deals done," one said. Physical trading and tapping in Indonesia and Malaysia, the number-two and number-three producers respectively were expected to remain sluggish over the next few weeks due to the beginning of Ramazan.
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