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Apr 23: Thai USS3 Rubber Prices Rise On Tight Supplies

[Dow Jones] Physical prices of Thai USS3 rubber rise to THB113.88-THB117.52/kg vs THB113.18-THB116.14/kg yesterday; more arrivals today, but supplies still tight overall, traders say. Outside central markets, factories paying around THB117/kg. Tapping started recently, but buyers expect USS3 supplies to ease in coming weeks as most of initial poor-quality latex produced to be used for lower grades; unusually dry weather fueling uncertainty over timing, volume of USS3 production. Total quantity sold in three central markets of Thailand estimated at 24.2 tons versus 5.3 tons yesterday: 2.2 tons in Hat Yai, 10 tons in Surat Thani, 12 tons in Chandee.

Source: Dow Jones

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« Apr 23: Rubber Drops as Crude Oil Declines; Spot Price Gains to Record
Apr 26: RUBBER-Tokyo futures up on tight supply, rising oil »

This entry was posted on Friday, April 23rd, 2010 at 8:06 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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