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Mar 15: Asian Physical Rubber Mixed; Buyers On Sidelines

[Dow Jones] Asian physical rubber prices mixed with Indonesian, Malaysian grades tracking declines in rubber futures, Thai grades mostly steady due to tight raw material supply. Indonesia”s SIR traded at $3,053-$3,086/ton, FOB, April/May delivery. Although prices have fallen, market relatively quiet. “Interested buyers will take a day or two to look and see where the trend is heading,” says trader in Malaysia. Tire majors still active but Chinese buyers still not buying much on international markets. Singapore trader says the question of “when buyers will start buying is making people nervous.

Source: Dow Jones

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This entry was posted on Monday, March 15th, 2010 at 8:23 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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