This entry was posted on Wednesday, July 27th, 2011 at 7:00 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 rise, in tandem with Tocom, as a bullish forecast from Association of Natural Rubber Producing Countries economist Lam Soon Jin at an industry conference supports sentiment. Lam says supply tightness will continue until 2018 even as global rubber production this year may reach 9.9 million metric tons from 9.4 million tons last year. Thailand”s STR20, for August shipment was sold at $4,830/ton, CIF to China. Indonesia”s SIR20 changes hands at $4,780/ton, FOB, for September shipment.
Source: Dow Jones