This entry was posted on Thursday, June 28th, 2012 at 8:08 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.
Physical prices of Thai USS3 rubber rise to THB88.86-THB89.09/kg from THB88.23-THB88.36/kg Wednesday, tracking gains on bellwether Tocom. “Now that prices are higher, many sellers are coming out and trying to sell their stocks, but many of them are asking for THB120/kg,” says a trader; THB120/kg is the government target rate for USS3. Outside the central markets, factories are paying around THB90-THB92/kg. Sales in Thailand’s three main central markets total around 66.2 tons Thursday versus 73.6 tons Wednesday: 21.2 tons in Hat Yai, 37 tons in Surat Thani, 8 tons in Chandee.
Source: Dow Jones