This entry was posted on Wednesday, March 10th, 2010 at 7:42 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.
[Dow Jones] Physical prices of Thai USS3 rubber edge up to THB100.35-THB100.79/kg vs THB100.29-THB100.78/kg yesterday; prices holding firm amid wintering season. Outside central markets, factories even paying THB102-THB102.5/kg. Thai factories trying to balance between high raw material prices, customers driving hard bargains. “We try to push down raw material prices as much as we can from secondary dealers (outside central markets) because it”s hard for us to sell processed rubber at high prices,” says Thai rubber factory executive; adds prices still high even after haggling due to low supply. Total quantity sold in three central markets of Thailand estimated at 134.7 tons vs 93 tons yesterday: 39.7 tons in Hat Yai, 40 tons in Surat Thani, 55 tons in Chandee.
Source: Dow Jones