According to Singapore on December 12, the Asian spot rubber prices higher on Wednesday, following rubber futures market rally, and Thailand tight supply of raw materials also constitute support price.
Bangkok, a trader said: “It seems that the market is a lack of sellers are being created because of the Thai government’s procurement competition.
Thailand on the 3rd February shipment smoked rubber RSS3 turnover of $ 3,070 per ton, FOB basis.
January / February shipment Thailand 3 smoked rubber RSS3 reported 308-310 cents per kilogram, the previous day at 304-307 cents per kilogram.
January / February shipment the Thai standard rubber tire class STR20 reported 300-302 cents per kilogram, the previous day to 292-295 cents per kilogram.
January / February shipment Indonesian standard rubber tire class SIR20 287-288 per kg cents the previous day to 284-285 cents per kilogram.
January / February shipment Malaysian standard rubber tire class SMR20 reported 293-294 cents per kilogram, the previous day at 290-291 cents per kilogram.
Source: CRIA
