This entry was posted on Wednesday, February 24th, 2010 at 8:27 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] Physical prices of Thai USS3 rubber rise to THB99.55-THB100.19/kg vs THB99.29-THB100.11/kg yesterday. Outside central market, factories paying around THB100/kg. “We don”t think we can sell our processed rubber at prices that are higher than yesterday, so we are not willing to pay much more,” Thailand-based factory executive says; adds physical processed rubber prices today expected to fall, tracking Tocom rubber futures. Tocom new benchmark August contract trading Y300.6, down Y1.9 from yesterday”s benchmark settlement. However, RSS3 prices still holding up as supplies fall due to wintering season. Total quantity sold in three central markets of Thailand estimated at 167.6 tons versus 216.6 tons yesterday: 59.6 tons in Hat Yai, 43 tons in Surat Thani, 65 tons in Chandee. (HLN)
Source: Dow Jones