This entry was posted on Wednesday, June 29th, 2011 at 4:24 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 mostly rise due to gains on the bellwether Tocom. Thai offers are in a wide range with some exporters still refusing to back down from high prices. “The bids are too low. There are trades at lower levels but mostly done domestically in China by dealers there,” says a major Thailand-based exporter. However, another major exporter says that lower level trades are possible as raw material prices have come off recently. Thailand”s RSS3 is sold at $4,420/ton, ex-warehouse in China; STR20 changes hands around $4,380/ton, ex-warehouse.
Source: Dow Jones