Tyre makers and main rubber consumer China scrambled for stocks as tight supply persisted in Southeast Asia, pushing up cash prices to their highest level since the Korean War, dealers said on Friday.
Thailand's RSS3 and STR20 grades, Indonesia's SIR20 as well as Malaysia's SMR20 hovered around $3 a kg - their highest since 1952, when war in the Korean Peninsula sparked a boom in commodity prices, they said. "I think consumers and the big ones such as Michelin, Bridgestone and Goodyear have make some adjustments now that prices are above $3," said a dealer in Thailand's southern city of Hat Yai.
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