This entry was posted on Friday, February 19th, 2010 at 9:05 am 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] Asian physical rubber prices mixed, tight supply continues to drive prices up in Thailand. Thai exporter offering STR20 at $3,320/ton-$3,330/ton, FOB, March/April shipment. RSS3 offered at $3,300/ton, FOB, March shipment. Wintering season in Thailand prompting surge in offer prices. Trading quiet in Thailand this week as major Chinese customers on holiday, so some factories not putting forth firm offers. However, late yesterday, Thai rubber factory sold 300 tonnes of RSS3 for $3,250/ton, FOB, May shipment to Thai tire maker. “They”re buying at these prices because they are worried that prices will continue to go up,” says executive at factory; adds there are fears El Nino weather event will contribute to less rubber supply this year. Indonesia SIR20 changed hands at $3,150/ton, FOB, April shipment; $3,140/ton, FOB, May shipment. Malaysian SMR20 traded at $3,170/ton, FOB, April shipment. For breakdown of cash prices of all rubber grades, keyword search ASIAN PHYSICAL RUBBER. (HLN)
Source: Dow Jones