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Apr 8: Thai USS3 Rubber Prices Rise Despite Lower Tocom

[Dow Jones] Physical prices of Thai USS3 rubber rise to THB111.2-THB112.31/kg vs THB110.09-THB111.59/kg yesterday; USS3 at all-time highs at two central markets again, despite fall in Tocom rubber futures today, as USS3 arrivals continue to slow with Thailand in the middle of wintering. Southland Rubber won all three auctions. Outside central markets, factories paying around THB113-THB114/kg. “Quantities are low, as most farmers are already on holiday (ahead of three-day national holiday next week) as latex output is slow in this season,” says physical rubber trader in Thailand. Total quantity sold in three central markets of Thailand estimated at 20.7 tons versus 15.6 tons yesterday: 10.8 tons in Hat Yai, 3.4 tons in Surat Thani, 6.5 tons in Chandee.

Source: Dow Jones

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« Apr 8: Tocom Rubber Falls As Yen Weighs, Crude Slips
Apr 9: Tokyo futures higher on firm oil, tight supply »

This entry was posted on Thursday, April 8th, 2010 at 10:13 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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