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Price of rubber on hand in Asia is soaring these days

Post time：2009-07-21 10:14:37 Click：72

It’s alleged from Synthesized Foreign News Agency that the price of rubber on hand in Asia is soaring from this Monday, because the supply has fallen short of demand since TOCOM rubber forward market stopped business during holidays.

Dealers from Singapore said Sicom market and Shanhai rubber will persist in supplying and supporting the rubber industry. Recently rainfalls in Thailand and Malaysia have hindered tapping that leads to the short supply of rubber market, and the rubber trade is flourishing in China. But rubber buyers in the US and Europe take an attitude of wait and see.

Thailand No.3 smoked sheet rubber of Aug. shipment is 182 cents per kg and 176 cents per kg in previous session. Indonesia standard rubber SIR20 of Aug. shipment is 162 cents per kg and 159.8 cents in previous session. Malaysia standard rubber SMR20 of Aug. shipment is 175 cents per kg and 172 cents per kg in previous session.