This entry was posted on Tuesday, September 22nd, 2009 at 6:40 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] RSS3 grade rubber futures on Agricultural Futures Exchange of Thailand slightly lower on decline in China”s natural rubber imports. “Since Tocom is closed today and major buyers Indonesia and Malaysia are also on holiday, trade participation is mostly taking leads from China,” says Bangkok-based broker; adds prices likely to be rangebound in near term. China”s August natural rubber imports estimated 9% lower vs previous month; up 26% in July vs June. Overall supply fundamentals still strong but some downward pressure due to fall in rubber imports by China in August, says another Thailand-based broker. Benchmark AFET April RSS3 rubber futures trading THB0.25 lower at THB72.30/kg, off intraday high of THB72.70. (SAM)
Source: Dow Jones