This entry was posted on Wednesday, October 14th, 2009 at 7:54 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] Thai physical rubber prices higher, with RSS3 offered at 238-240 U.S. cents/kg vs 235 cents/kg yesterday, FOB basis, with market paying little attention to reports of strike by some workers at Thai unit of Cheng Shin Rubber Industry Co., traders say. Management of Cheng Shin”s wholly owned unit, Maxxis International (Thailand) Co., negotiating with workers to resolve issue, Taiwan”s largest tire maker by revenue says earlier in statement. Traders say Thai physical rubber prices up on tight supply, firm crude, while recent active buying by major international tire makers also supportive factor, with reports of strike unlikely to impact on market unless it becomes protracted. (ANJ)
Source: Dow Jones