Asian physical rubber prices were steady on Wednesday (May 25) despite bullish futures prices in Tokyo and Shanghai as thin demand on the physical front weighed on the market, dealers said.
Most buyers stayed on the sidelines, expecting prices to dip as supply rises in coming weeks, they said.
PRICES OF PHYSICAL RUBBER COMPARED TO MAY 24
| Grade |
| Price |
| Change |
| Thai RSS3 (June) | $5.10/kg | unchanged | ||
| Thai STR20 (June) | $4.55/kg | unchanged | ||
| Malaysia SMR20 (June) | $4.55/kg | unchanged | ||
| Indonesia SIR20 (June) | $2.05/lb | unchanged | ||
| Thai USS | 145 baht/kg | +5 baht | ||
| Thai 60-percent latex (drum/June) | 3,300/tonne | unchanged | ||
| Thai 60-percent latext (bulk/June) | $3,200/tonne | unchanged |
NOTE - 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.
(Reuters, May 26, 2011)
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