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Sep 20: Thai USS3 Rubber Prices Up As Shanghai Rallies

[Dow Jones] Physical prices of Thai USS3 rubber rise to THB100.82-THB101.85/kg vs THB100.44-THB101.25/kg Friday as Shanghai rubber futures rally; but gains capped with exporters bidding cautiously, higher export levy to kick in Oct. 1 fuels concerns Thai rubber prices to rise, reducing competitiveness vs other regional grades; public holiday in China Wednesday-Friday also keeps exporters on toes as may slow demand, trader in south Thailand says. Outside central markets, factories paying around THB102.5-THB103.3/kg. Total quantity sold in three central markets of Thailand estimated at 62.2 tons versus 39.8 tons Friday: 19.2 tons in Hat Yai, 14 tons in Surat Thani, 29 tons in Chandee.

Source: Dow Jones

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This entry was posted on Tuesday, September 21st, 2010 at 9:01 am 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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