Shanghai Tyre denies default of Thai rubber deal

Newswire

SHANGHAI, Feb 25 (Reuters) - China's top tyre-maker Shanghai Tyre and Rubber quashed talk on Tuesday it had struck, and then cancelled, a deal to buy 15,000 tonnes of rubber from Thailand, speculation of which partly capped rubber prices last week. Shanghai Tyre said it had never made such an agreement, even though traders and a top Thai farm ministry official said last week the Chinese firm had reneged on a fair-sized deal. "We didn't sign the deal then because prices were not ...

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