According to Singapore on November 15, the Asian spot rubber prices rose on Thursday, following the Tokyo rubber futures rally.
Traders said the market was active, the Chinese dealers continue bid.
“They expected that the new Chinese government will introduce new stimulus measures, and end users will soon replenish inventories, especially in the case of prices at favorable levels,” a large-scale export enterprise trader said.
Sent to China in December Thai smoked rubber RSS3 turnover in the 3rd the U.S. $ 3,000 per tonne, CIF basis.
December / January shipment Thailand 3 smoked rubber RSS3 302-303 per kg cents the previous day at 300-301 cents per kilogram.
December / January shipment the Thai standard rubber tire class STR20 reported 294-295 cents per kilogram, the previous day at 290-291 cents per kilogram.
Indonesian tire grade standard rubber SIR20 reported in December / January shipment 281-282 cents per kilogram, the previous day at 278-280 cents per kilogram.
December / January shipment Malaysian standard rubber tire class SMR20 reported 292-293 cents per kilogram, the previous day at 290-291 cents per kilogram.
Source: CRIA
