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.