This entry was posted on Thursday, January 26th, 2012 at 5:15 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 in some markets for the third successive day and are little changed overall at THB112.81-THB113.89 versus THB111.19-THB114.09/kg Wednesday on lower supply as sellers hold back stocks in anticipation of higher prices. Thailand’s government has decided to buy USS grades from growers at THB120/kg to guarantee them better returns. Sellers are offering only limited volumes, in line with their immediate capital requirements; outside the central markets, factories are paying up to THB116/kg, says a natural rubber broker in Hat Yai. Sales in Thailand’s three main central markets total around 36.4 tons versus 45.5 tons Wednesday: 11.5 tons in Hat Yai, 4.9 tons in Surat Thani and 20 tons in Chandee.
Source: Dow Jones