[Dow Jones] Physical prices of Thai USS3 rubber rise to THB99.55-THB99.77/kg from THB99.09-THB99.22/kg yesterday as eager buyers snap up supplies. Suppliers took advantage of higher prices driven by robust demand to release about 72% more stocks. Outside central market, factories paying around THB101/kg. Thailand in wintering season, which typically ends around April, but abnormal weather changes this year due to El Nino adding uncertainty, especially in view of economic recovery, trade participants say. Total quantity sold in three central markets of Thailand estimated at 288.7 tons vs 167.6 tons yesterday: 72.7 tons in Hat Yai, 135 tons in Surat Thani, 81 tons in Chandee. (HLN)

Source: Dow Jones

Comments are closed.