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Feb 17: Thai USS3 Rubber Prices Rise; Arrivals Slow

[Dow Jones] Physical prices of Thai USS3 rubber rise to THB98.36-THB98.38/kg vs THB96.48-THB96.67/kg yesterday as supplies remain tight with rubber-growing areas entering wintering season. Less than 100 tons USS3 changed hands at central markets for seventh successive day. Outside central market, factories paying around THB99.5/kg. “There is very little raw material available now, as wintering has started in the south of Thailand,” says Bangkok-based rubber industry official; adds prices may breach TH100/kg going forward as supplies continue to dwindle. Total quantity sold in three central markets of Thailand estimated at 95.6 tons vs 91 tons yesterday: 38.6 tons in Hat Yai, 30 tons in Surat Thani, 27 tons in Chandee. (HLN)

Source: Dow Jones

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This entry was posted on Wednesday, February 17th, 2010 at 5:16 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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