This entry was posted on Monday, May 24th, 2010 at 4:36 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.
[Dow Jones] Physical prices of Thai USS3 rubber rise sharply to THB109.27-THB111.29/kg vs THB106.81 Friday, as supplies remain tight and factories buy to fulfill sold contracts. “It”s been raining so the farmers cannot tap. Although output will increase after that, the problem is that shipments that have to go out now cannot wait until then,” says exporter in south Thailand. Outside central markets, some factories paying THB111-112.5/kg. Rubber supplies in Thailand have been tight since dry wintering season began in February; although season has ended, unpredictable, adverse weather hitting current output. USS3 prices expected to fall once output improves significantly. Total quantity sold in three central markets of Thailand estimated at 20.7 tons versus 1.2 tons Friday: 10.3 tons in Hat Yai, 1.4 tons in Surat Thani, 9 tons in Chandee.
Source: Dow Jones