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Jul 22: Thai USS3 Rubber Prices Up On Rain, Low Supply

[Dow Jones] Physical prices of Thai USS3 rubber up as heavy rain continues to hamper tapping work in key southern producing regions, while farmers continue to hold onto what little stock they have amid general sentiment that prices will rise even further in coming days, says trader in Phuket. Adds buyers quiet, however, with price disparity between Thai grades and cheaper SIR20, SMR20 deterring interest in Thai rubber. Thai USS3 traded on Hat Yai Central Market at THB58.46/kg vs THB58.13/kg yesterday. (ANJ)

Source: Dow Jones

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This entry was posted on Thursday, July 23rd, 2009 at 8:33 am 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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