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Feb 19: Thai USS3 Rubber Prices Gain On Demand

[Dow Jones] Physical prices of Thai USS3 rubber rise to THB99.55-THB99.77/kg from THB99.09-THB99.22/kg yesterday as eager buyers snap up supplies. Suppliers took advantage of higher prices driven by robust demand to release about 72% more stocks. Outside central market, factories paying around THB101/kg. Thailand in wintering season, which typically ends around April, but abnormal weather changes this year due to El Nino adding uncertainty, especially in view of economic recovery, trade participants say. Total quantity sold in three central markets of Thailand estimated at 288.7 tons vs 167.6 tons yesterday: 72.7 tons in Hat Yai, 135 tons in Surat Thani, 81 tons in Chandee. (HLN)

Source: Dow Jones

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Feb 22: RUBBER-Tokyo futures at 1-mth high, physical prices firm »

This entry was posted on Friday, February 19th, 2010 at 8:50 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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