This entry was posted on Wednesday, August 10th, 2011 at 4:51 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.
Asian physical rubber prices rise, tracking a rebound on bellwether Tocom. The market is active. “China is very, very aggressive today; there are many, many bids,” says a trader in Hat Yai; he adds buyers are bargain hunting after the selloff Tuesday. Thailand”s RSS3 for September shipment sold at $4,710/ton, CIF to China; STR20 also for September shipment sold at $467/ton, CIF to China. Indonesia”s SIR20 changes hands around $4,540/ton, FOB, for October/November shipment; Malaysia”s SMR20 will likely be traded at $4,610/ton, FOB, also for shipment in October/November.
Source: Dow Jones