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Mar 22: Thai USS3 Rubber Prices Rise; No Supply At Surat Thani

[Dow Jones] Physical prices of Thai USS3 rubber rise to THB100.45-THB100.82/kg vs THB100.3-THB100.5 Friday, as total quantity at central markets hits lowest level to date this year due to wintering. No USS3 supply at Surat Thani central market at all. “Farmers are holding their stocks and waiting for higher prices,” says physical rubber trader in south Thailand; adds “it”s wintering everywhere now but while some of them still tap everyday, some just tap two to three days a week.” Outside central markets, some factories even paying THB101.5-102.5/kg; prices may rise further as supplies continue to be low. Total quantity sold in three central markets of Thailand estimated at 34.5 tons versus 44.75 tons Friday: 6.5 tons in Hat Yai, 28 tons in Chandee.

Source: Dow Jones

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« Mar 22: Thailand Boosting Rubber Area, Processing Capacity In North -Reports
Mar 23: Tocom Rubber Settles Lower; May Test 280/kg »

This entry was posted on Monday, March 22nd, 2010 at 8:14 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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