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May 17: Thai USS3 Rubber Steady; Traders Hope For Rain

[Dow Jones] Physical prices of Thai USS3 rubber relatively steady at THB101.18-THB102.29/kg vs THB100.5-THB102.62/kg Friday, bucking weak Tocom rubber futures, as slow arrivals persist due to hot, dry weather. “Latex output has been low due to the weather, but there has been some rain in the south recently so hopefully the situation will improve,” factory executive in Thailand says; adds margins hit by high USS3 prices. Outside central markets, factories paying as high as THB106.5-THB107/kg. No arrivals at Surat Thani central market. Total quantity sold in three central markets of Thailand estimated at 15.8 tons versus 14.4 tons Friday: 5.8 tons in Hat Yai, 10 tons in Chandee.

Source: Dow Jones

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« May 17: Tocom Rubber Hit 5-Month Low; Support At Y245
May 17: Thai Rubber Exports Unaffected By Bangkok Unrest »

This entry was posted on Monday, May 17th, 2010 at 4:42 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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