Compound rubber imports set to soar
China, the world's largest rubber consumer, is expected to import 950,000 tons of compound rubber this year, a surge of nearly 71 percent from last year, an industry report said yesterday.
Compound rubber contains 99 percent natural rubber and although prices are a few cents higher, it only attracts a 5-percent import duty in China versus up to 20 percent for natural rubber.
"Compound rubber import volume was increasing in recent years because the Customs tax...