Rubber prices ended mixed on Friday despite the Thai government’s move to purchase rubber at a premium to support farmers.
Thailand’s government announced Thursday it would buy 100,000 metric tons of rubber from farmers hurt by a near seven-year decline in the commodity’s price. It said it would start the purchases next week.
The Tocom benchmark ended 0.4 yen higher at Y157.8($1.34) a kilogram on Friday.
The most active rubber contract on the Shanghai futures exchange for May delivery rose 45 yuan to finish at CNY9,875($1,498) a ton.
Asian Rubber Futures
Jan 15 Change from previous close
Tocom Jun RSS3 Y157.8/Kg Up Y0.4
Shanghai May SCR5 CNY9875/ton Up CNY45/Ton
Thai Aug RSS3 THB48.50/Kg Untraded
Sicom Apr RSS3 US 130.0/Kg Down US 0.2 cents/Kg
Sicom May TSR20 US 107.1/Kg Down US 0.9 cents/Kg
Asian Physical Rubber
Grade Shipment Jan 15 Jan 14
RSS3 Feb/Mar 128-128 128-128
STR20 Feb/Mar 112-113 112-113
SIR20 Feb/Mar 108-109 108-109
SMR20 Feb/Mar 108-109 108-109
SVR3L Feb/Mar 118-119 118-119
USS Feb THB36.90-THB38.30/Kg THB36.05-THB36.60/Kg
