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Mar 26: Asian Physical Rubber Mostly Up; Aggressive Bidding

[Dow Jones] Asian physical rubber prices mostly up with Thai RSS3 offer prices sharply higher; one producer offering as high as $3,500/ton, FOB, for May delivery–says pricing at cost; another large exporter says numerous queries for RSS3 but not selling any more for April, May as production already at full capacity. Futures rally, wintering, drought woes in Thailand driving up prices; “Even if we offer higher prices, there”s very little raw material,” says Phuket-based factory executive. Thai STR20 traded around $3,270/ton, by land for May delivery to domestic buyer; seller says foreign bids too low at $3,260-$3,280/ton, FOB. Indonesia”s SIR20 traded at $3,220/ton, FOB, for May delivery. Singapore-based trader says aggressive bidding despite high prices.

Source: Dow Jones

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« Mar 25: Rubber Surges After Indonesia Says Output May Drop, Yen Weakens
Mar 26: Thai RSS3 Futures Settle Up As China Rubber Stocks Fall »

This entry was posted on Friday, March 26th, 2010 at 8:15 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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