Asian tyre grade rubber traded at record on supply squeeze

Oct 14 (Reuters) - Tyre grade  rubber was sold at record prices near $4 a kg as tight supply in Thailand, Indonesia and Malaysia prompted consumers to scramble for the commodity, dealers said on Thursday.

Japan's largest tyre maker, Bridgestone Corp (5108.T), bought some quantity of Thai RSS3 at $3.95 for nearby shipment late on Wednesday, surpassing a record traded price of $3.50 in April, when offers for the Thai grade rose as high as $4.10. 

(reuters.com)