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Feb 24: Thai USS3 Rubber Prices Above THB100; Supply Falls

[Dow Jones] Physical prices of Thai USS3 rubber rise to THB100.09-THB101.31/kg vs THB99.55-THB100.19/kg yesterday, first day this year prices exceed THB100/kg at all three central markets. Outside central markets, factories paying around THB100.5/kg as some older stock acquired, but this most likely to go up as USS3 prices continue ascent, says Phuket-based rubber factory executive. USS3 prices propped up by seasonal wintering when trees shed leaves, rubber yield falls. Total quantity sold in three central markets of Thailand estimated at 128.15 tons versus 167.6 tons yesterday: 58.15 tons in Hat Yai, 25 tons in Surat Thani, 45 tons in Chandee. (HLN)

Source: Dow Jones

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This entry was posted on Wednesday, February 24th, 2010 at 4:18 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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