RSS3 grade natural rubber deliveries on the Singapore Commodity Exchange for the December contract are estimated around 1,760 metric tons, down from 2,300 tons in November, a senior trading executive said Thursday.
Deliveries for TSR20 grade rubber are estimated around 1,460 tons versus 1,740 tons in November, said the executive, who didn't want to be named.
Sicom doesn't disclose the details of deliveries but the executive said there is strong interest among members in selling cargoes on the exchange amid rising prices even though deliveries are lower on month.
According to the executive, R1 International was the main seller of RSS3, selling around 1,160 tons at prices between 1.5 U.S cents/kilogram discount and 0.25 cents premium over the settlement price, depending on the port of loading.
Sri Trang International sold 600 tons of RSS3 grade rubber, including 300 tons to Eastland Produce.
In the TSR20 category, around 800 tons of Indonesian origin rubber were sold by Primetrade Ltd., including 700 tons to Tong Teik Ltd.
(Source: irco.biz)
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