Thailand Natural Rubber Price Intervention
May 21,, TOCOM natural rubber may contract price from 18, 260 yen as of the close/kg to rise to 280 yen/kg, or as much as 7.69%, other close month contract have varying degrees of prices, but the more far less on rise, to the 1210 contract or only 3.26%. In Tokyo rose under the background of glue, glue Shanghai on Monday also set the larger since recent rise, main contract up 645 1209 yuan/ton, 2.68%.
According to Reuters, bloomberg news and news agency, Thailand plan to buy TOCOM and the Shanghai futures exchange more than 10000 tons of natural rubber, two city prices have been rising. Thailand is the world's largest producer of rubber, and China and Japan is the world's largest natural rubber consumer, the biggest producers to import the news of the largest consumer of rubber, central mysteries.
In Thailand that: the weather causes of the main affected Thailand rubber tapping rubber trees activities, 10000 tons of natural rubber export suffocate suffocate, the import of rubber will then be to export. In the import of rubber at the same time, the Thai government to jumpstart rubber price and issued a 15 billion baht intervention programs, because the farmers in southern Thailand glue in January had held protests, pr?otest raw rubber prices fell below 100 baht/kg.
Previous Plastic Products Export Growth Fell