This entry was posted on Thursday, September 18th, 2008 at 8:09 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 cash rubber prices little changed in very thin trade, say traders. Wet weather continues to disrupt plantation work in Thailand, Malaysia, keeps raw material prices well supported; as a result, processors reluctant to sell at current prices, says trader in Singapore. “Consumers are also very quiet; China was bidding around 283 cents/kg for SMR20 today but there”s no way sellers can afford those prices as latex supply is tight because of the rain,” says trader.
Source: Dow Jones Newswires