TABLE-Asia physical rubber prices - December 11

Tue Dec 11, 2007 3:18am GMT
 
Email | Print | | Single Page
[-] Text [+]

TOKYO, Dec 11 (Reuters) - Asia physical rubber prices followed Tokyo futures prices higher on Tuesday, while wet weather in Thailand, the world's biggest natural rubber producer, gave an extra boost to the market.

Key rubber futures contract for May delivery on the Tokyo Commodity Exchange <0#JRU:> rose 1 percent to 285.5 yen ($2.56) a kg, adding to a 3 percent rally on Monday, when Thai markets were closed for a national holiday.

"Rain came back in the last few days, so I expect supplies to be tighter this week, compared with last week," said a trader in Thailand's southern city of Hat Yai.

Until recently, supply concerns were somewhat soothed by more latex entering markets in Thailand and Malaysia, the world's third-largest producer, as heavy rains subsided and tappers returned to work in plantations.

PRICES OF RUBBER COMPARED WITH MONDAY

(Prices for Thai grades are compared with Friday)

Grade Price Change

Thai RSS3 (January) $2.46/kg +$0.06

Thai RSS3 (February) $2.46/kg +$0.06  Continued...

 

Market Update

  • UKUK
  • USUS
  • Europe
  • Asia
  • UK Most Actives

Most Popular Business News on Reuters UK

  • Articles
  • Videos