This entry was posted on Tuesday, August 30th, 2011 at 5:01 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 are higher due to strong gains in the futures market. IRCo chief secretary Yium Tavarolit says in a weekly research note that natural rubber prices “still have room” to touch $5,000/ton this year due to strong passenger vehicle sales in China. Markets in Indonesia, Malaysia and Singapore are closed for public holidays. Thailand”s RSS3 changes hand at $4,840/ton, FOB, for September shipment to a dealer.
Source: Dow Jones