This entry was posted on Wednesday, September 7th, 2011 at 4:54 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, in line with Tocom and Shanghai. The market is active as buyers expect the uptrend to continue; “there are many bids today (Wednesday), China is active in the market,” says trading executive in Phuket. Thailand”s STR20 and RSS3 for October shipment changed hands at $4,780/ton, CIF, for October shipment to China; STR20 was also sold at $4,750/ton, CIF, for October shipment, also to China. Indonesia”s SIR20 traded at $4,650/ton, FOB, for shipment in October/November. Malaysia”s SMR20 sees “firm bid” at $4,740/ton, FOB, also for October/November shipment, says a dealer in Singapore.
Source: Dow Jones