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Indonesian rubber

JAKARTA: Indonesian rubber prices continued their rally, making further gains following some foreign buying at some 60.50 U.S. cents/lb, dealers said.

"Foreign tyre-makers were seen making more enquries and buying orders prompting sellers to hold back to wait for another hike while increasing offer prices," one dealer in Medan said.

Dealers said the offer prices were seen hiked further to some 61.50 U.S. cents/lb on an expected sustained upside due to a possible increase in foreign demand and lower supply.-Reuter