This entry was posted on Monday, May 18th, 2009 at 4:25 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.
[Dow Jones] Asian cash rubber prices ease, weighed down by weaker futures today, while sluggish interest from buyers also weighs, traders say. China-based end users continue to inquire about shipments for late June, though having bought steadily in recent weeks can now afford to hold off, says trader in Singapore. “The tire makers are starting to quieten down but there appears to still be interest from middlemen, though they only seem interested in small lots of around 200 tons, and they can apparently wait for the price to suit them,” trader notes. Says Thai, Malaysian raw material remains tight due to rain, which closely followed recent wintering season, though Indonesia”s output remains stable. 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