Physical prices of Thai USS3 rubber are little changed at THB113.15-THB113.29/kg, versus THB112.81-THB113.89/kg Thursday, as some suppliers’ eagerness to sell rather than wait for a government purchase program offset strong demand. The Thai government Tuesday decided to intervene in the market to support prices around THB120/kg. However, the purchase program involves time-consuming documentation and some suppliers have decided to sell on the open market at moderately lower prices, a natural rubber broker in Hat Yai says. Outside the central markets, factories are paying up to THB116/kg, the broker says. Sales in Thailand’s three main central markets total 60.25 tons versus 36.4 tons Thursday: 8.9 tons in Hat Yai, 17.35 tons in Surat Thani and 34 tons in Chandee.

Source: Dow Jones

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