Physical prices of Thai USS3 rubber rise to THB128.78-THB130.19/kg vs THB128.76/kg Tuesday, as rain continues to limit tapping in Thailand. Outside the central markets, factories are paying around THB133/kg to secure supplies of the raw material. Sales in Thailand”s three main central markets total around 98.2 tons Wednesday versus 110.1 tons Tuesday: 16.2 tons in Hat Yai, 7 tons in Surat Thani, 75 tons in Chandee.

Source: Dow Jones

Asian physical rubber prices are higher due to strong gains in the futures market. IRCo chief secretary Yium Tavarolit says in a weekly research note that natural rubber prices “still have room” to touch $5,000/ton this year due to strong passenger vehicle sales in China. Markets in Indonesia, Malaysia and Singapore are closed for public holidays. Thailand”s RSS3 changes hand at $4,840/ton, FOB, for September shipment to a dealer.

Source: Dow Jones

Tocom rubber futures settle higher after gaining as much as 3.3% to hit a three-week high, taking cues from strong gains in Shanghai rubber and crude-oil prices. IRCo chief secretary Yium Tavarolit says in a weekly research note that technical cues have improved since Friday and fundamentals are supporting the market. Most traders peg next key resistance at Y380/kg. Benchmark February rubber settles Y11.5 or 3.2% higher at Y375.4/kg, near the intraday high of Y375.8/kg.

Source: Dow Jones