Asian physical rubber prices dropped on Thursday, reflecting a fall on the Tokyo Commodity Exchange. Physical trade was active with China, the world biggest rubber buyer, seeking Thai RSS3 for prompt shipment at $2.30-$2.33 per kg, traders said.
"The Chinese usually come back to the market when TOCOM falls, expecting to buy at cheaper prices, but producers are still reluctant to sell as raw material prices remain high," a trader said.