Thailand's Rubber

Thailand's Rubber

rubber prices in Tokyo trading yesterday on the increase driven by the approval of the Government of Thailand to shore up prices, coupled with a weaker yen, which provides support to the increase in prices. In stock Tocom, Rubber prices for June delivery contract closed at 316.5 yen, an increase of 2.3 yen (0.7 percent).
The price increase is driven by information that states that the Thai government is the world's largest rubber producer, on Tuesday (24/1) approve a budget of 15 billion baht (477 million U.S. dollars) to buy rubber USS3 types of farmers.



This information also gives a boost to the increase in rubber prices in India. Kar et that time the price has increased by 3 percent to its highest level since 3 months due to a boost of support from Thailand plus factors that give a boost oil ta ation increase in rubber prices.
Thailand is the largest rubber producer has approved the budget to shore up prices. Rubber prices expected to climb higher if China will be back active in the market after Chinese New Year holidays.
Data exchange based on the January 20 survey of nine warehouses in Shanghai, Shandong, Yunnan, Hainan and Ti show a njin natural rubber supplies are monitored by the Shanghai Futures Exchange fell for the first time in six weeks, fell 120 tons to 34 149 tonnes. The fall in inventories likely a sign that Chinese buyers cautious about gah fill in the stock price of rubber rose and uncertainty about the outlook for auto sales.
Rubber prices in the spot market according to information on the Bangkok International Rubber Rubber Price shown Enis RSS j-1 U.S. dollar traded at 402.10 per 100 kg, an increase of 10, 43 dollars asper 100 kg.
Meanwhile, according to information from the Commodity Futures Trading Supervisory Agency (Bappebti), Thursday (01/26/2012) prices of rubber in Palembang traded on Rp33.285/kg. The selling price of natural rubber commodity type slab clean dry rubber content (KKK) in the market town of Jambi, also increased.
Rubber which is a commodity traded in the province of Jambi the local auction market for all types of Rp 100/kg to Rp 200/kg up. Rubber prices 100 percent clean slab at the level of the previous price of USD 29.500/kg also increased to Rp 29.300/kg, clean slab at the level of 70 percent and Rp Rp 20.650/kg 14.750/kg to clean rubber slab 50 percent.