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Mar 26: Thai RSS3 Futures Settle Up As China Rubber Stocks Fall

[Dow Jones] RSS3 rubber on Agricultural Futures Exchange of Thailand settles higher, on robust supply-demand fundamentals amid wintering season. Fears that China has overstocked on rubber also easing, said trader in Thailand. Deliverable rubber stocks in Shanghai Future Exchange warehouses down 25% on week. AFET rubber expected to continue tracking high prices. Benchmark AFET October contract settles THB0.60 higher at THB107.3/kg, near intraday high of THB107.9/kg.

Source: Dow Jones

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This entry was posted on Friday, March 26th, 2010 at 8:16 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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