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May 4: Thai RSS3 Rubber Futures Fall, Below THB100 Support

[Dow Jones] RSS3 rubber on Agricultural Futures Exchange of Thailand falls, as physical rubber prices trend down on expectations of improved supplies, trade participant in southern Thailand says. Benchmark AFET rubber below THB100/kg psychological support, hits THB3.75/kg limit down; daily price limit extended from THB3/kg on Friday. Traders expect end of wintering season to continue to weigh on AFET rubber. Benchmark AFET December RSS3 contract last trading THB3.75 lower vs Friday close at intraday low of THB96.5/kg. Thai markets closed yesterday and tomorrow for public holidays.

Source: Dow Jones

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« Apr 30: Rubber Drops as Supply Improves, Investors Sell Before Holiday
May 5: Rubber End Lower But Spot Prices May Remain High This Year »

This entry was posted on Tuesday, May 4th, 2010 at 9:52 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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