This entry was posted on Thursday, November 19th, 2009 at 6:38 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] Physical prices of Thai USS3 rubber rise to THB77.58-THB77.88 vs THB76.21-THB76.82 yesterday as supplies stay tight because of rain. Total availability in three central markets of Thailand 49 tons vs 25.7 tons yesterday; 5 tons in Hat Yai, 9 tons in Surat Thani, 35 tons in Chandee. “Factories need more raw material to execute their orders for processed rubber,” as less than 50 tons isn”t enough, says trader in Hat Yai–availability in 2H most days has been less than 100 tons, while requirement close to double of that volume; adds exporters had committed RSS3, STR20 grade rubber shipment at cheaper rates, but higher raw material costs have put them in quandary. Factories ready to pay even more than THB78/kg to dealers outside central markets. (SAM)
Source: Dow Jones