This entry was posted on Friday, January 28th, 2011 at 6:59 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] Asian physical rubber prices are mostly steady but prices were choppy through the day in line with the futures market; trade is winding down ahead of the Lunar New Year holidays, say traders. “The Chinese are all heading back to their hometowns, we expect trade to be quiet in the next week or two,” says a Singapore-based dealer. Thailand”s RSS3 for March shipment changes hands at $5,670/ton, FOB–the shipment of a few hundred tons was sold at a lower price to a tire major. “We are actually not offering RSS3, but this is a special price for them, as they”ve been a good customer,” says the exporter. Thai STR20 traded at $5,530/ton, FOB, for March shipment, also to a tire major. Malaysia”s March SMR20 trades at $5,510/ton, FOB.
Source: Dow Jones