UPDATE 1-Michelin buys 2,000 T of rubber after 3-mth hiatus


(Adds details) SINGAPORE, April 30 (Reuters) - French tyre manufacturer Michelin has bought up to 2,000 tonnes of rubber, mostly from Indonesia at between $1.43 and $1.45 a kg, dealers said on Thursday. The SMPT, the rubber purchasing arm of Michelin, is still looking for rubber for June delivery, they said, after making its first purchases in Asia for three months. Some tyre makers have either cancelled long-term contracts to buy rubber or asked for delays in shipments as global ...

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