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Jul 18: Thai RSS3 Rubber Futures Rise; Rains To Limit Supply

[Dow Jones] RSS3 rubber on the Agricultural Futures Exchange of Thailand are higher in line with Shanghai. AFET is also catching up with gains in other Asian rubber futures Friday, when the Thai market was closed for a public holiday. Rains persist in south Thailand, disrupting tapping. “It”s raining less this week but arrivals may stay low for the immediate term as it was raining in many areas of the south last week,” a trader in the region says. There will be scattered rain in the south this week, Thailand”s Meteorological Department says. Benchmark February RSS3 rubber is trading THB1.95 higher at THB144.3/kg, off an intraday high of THB145.8/kg.

Source: Dow Jones

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This entry was posted on Monday, July 18th, 2011 at 7:16 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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