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18 Jan 2012: Thai USS3 Rubber Above THB100/Kg On Intervention Plan

Physical prices of Thai USS3 rubber rise sharply to THB100.59-THB103.09/kg from THB97.59-THB98.09/kg Tuesday, due to the Thai government’s plan to intervene in the natural rubber market to boost prices to THB120/kg. Outside the central markets, factories are paying THB101-THB104/kg. Sales in Thailand’s three main central markets total 21.7 tons Wednesday versus 45.9 tons Tuesday: 1.8 tons in Hat Yai, 2.9 tons in Surat Thani and 17 tons in Chandee.

Source: Dow Jones

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This entry was posted on Wednesday, January 18th, 2012 at 7:20 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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