This entry was posted on Thursday, March 25th, 2010 at 7:34 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.
[Dow Jones] Physical prices of Thai USS3 rubber rise to THB102.56-THB102.79/kg vs THB100.89-THB101.29/kg yesterday, taking cues from bullish futures markets amid wintering season. Outside central markets, some factories even paying THB104-THB105/kg. Extreme dry weather causing low output, Thai factories fret over rising raw material costs, dwindling margins. “Even if it rains now, the USS3 will be out on the market in May, not tomorrow,” says Hat Yai-based exporter. Total quantity sold in three central markets of Thailand estimated at 69 tons versus 54 tons yesterday: 42 tons in Hat Yai, 20 tons in Surat Thani, 7 tons in Chandee.
Source: Dow Jones