Asian physical rubber prices rise

Friday, 18 February 2011 04:19 -     - {{hitsCtrl.values.hits}}

BANGKOK (Reuters): Asian physical rubber prices were higher on Thursday, supported by futures contract prices on the Tokyo Commodity Exchange which broke a new record and tight supply, dealers said.

Prices of physical rubber compared to 16 February:

Grade                 Price Change

Thai RSS3(March)    $6.40/kg +$0.10

Thai STR20 (March)    $5.80/kg +$0.10

Malaysia SMR20 (March)     $5.80kg +$0.10

Indonesian SIR20 (March)     $2.63/ pound +$0.03

Thai USS3      180 baht/kg +5 baht

Thai 60-percent latex (drum/March)     $3,700 +$50

Thai 60-percent latex (bulk/March)     $3,600 +$50

The prices quoted above are offer prices collected from traders in Thailand, Indonesia and Malaysia. They are not official prices quoted by state-run rubber agencies in those countries.