The spot rubber prices mostly fell, and the supply of Thai RSS3 is tight.
2012-04-24
According to news from Singapore on April 24, the prices of Asian spot rubber mostly fell on Tuesday, following the decline in TOCOM futures. The price of Thai RSS3 rubber remained high due to tight supply, but in reality, most Thai traders cannot sell RSS3 rubber for immediate delivery because they cannot obtain enough raw materials for production, according to a major exporter.
Indonesian SIR20 rubber for June shipment was traded at about $3,580 per ton, on an FOB basis.
Thai RSS3 rubber for May/June shipment was reported at 380-385 cents per kilogram, compared to 380-382 cents per kilogram on the previous trading day.
Thai STR20 rubber for May/June shipment was reported at 370-371 cents per kilogram, compared to 372-374 cents per kilogram on the previous trading day.
Indonesian SIR20 rubber for May/June shipment was reported at 359-360 cents per kilogram, compared to 360-362 cents per kilogram on the previous trading day.
Malaysian SMR20 rubber for May/June shipment was reported at 369-370 cents per kilogram, compared to 370-371 cents per kilogram on the previous trading day.
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