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Sept 23: Thai USS3 Rubber Steady On Strong Demand

[Dow Jones] Physical prices of USS3 rubber in Thailand steady despite doubling of supplies as demand remains strong. Prices around THB66.80-THB67.31 vs THB66.86-THB67.58 yesterday. Total sales in three central markets of Thailand higher at 113.20 tons vs 56.20 tons yesterday; sales today at 7.20 tons in Hat Yai, 56 tons in Surat Thani, 50 tons in Chandee. Sales estimated at 70.05 tons Monday. “Buyers took advantage of the increase in market arrivals and tried to lap up the volumes available,” says Hat Yai-based trading executive. Thai processors of RSS3, STR20 rubber strapped of USS3 raw material for last several months due to heavy rains, less production. (SAM)

Source: Dow Jones

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This entry was posted on Wednesday, September 23rd, 2009 at 9:14 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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