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29 Aug 2011: Asian Physical Rubber Higher; China Buys

[Dow Jones] Asian physical rubber prices rise, in line with gains on Tocom. China is in the market, buying rubber, a Singapore-based trader says. In Thailand, the supply crunch persists. “Raw material supply is really tight. I”m not that keen to sell unless the prices is right,” says a Hat Yai-based exporter offering Thai RSS3 and STR20 at $4,720/ton, FOB. Thailand”s STR20 changes hands at $4,700-$4,710/ton, FOB.

Source: Dow Jones

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This entry was posted on Monday, August 29th, 2011 at 7:03 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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