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May 15: Asian Physical Rubber Prices Mostly Dn;Mkts Quiet

[Dow Jones] Asian cash rubber prices mostly lower, weighed down by weaker futures, though tight supply continues to offer mild support, say traders. “The buying interest is still there but with futures up and down every day and oil prices coming off the highs, there”s a sense that the spot market lacks direction, so both buyers and sellers appear reluctant, particularly ahead of the weekend,” says trader in Singapore. Heavy rain over the last three days continues to hamper tapping work in southern Thailand”s key producing regions, says trader in Phuket. For a daily breakdown of cash prices for all rubber grades, keyword search ASIAN PHYSICAL RUBBER PRICES to see the item. (ANJ)

Source: Dow Jones

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This entry was posted on Friday, May 15th, 2009 at 9:59 pm and is filed under Rubber News. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

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