According to news from Singapore on January 26th, spot rubber prices in Asia held steady to slightly higher levels on Thursday. A Bangkok-based trader said that the Thai government’s decision to intervene in rubber prices on Tuesday and the seasonal decline in Thai rubber production concerns are market Provide support due to the close proximity of the drying season in Thailand's rubber production area.
A senior senior official of the Thai Ministry of Agriculture said on Tuesday that the Thai government has approved a budget of 1.5 billion baht ($477 million) for the purchase of smokeless film (USS3) from JiaoNong, a move designed to support prices.
Since the quote was too high for most buyers, there was no report of the deal on Thursday.
Shipment of Thailand's No. 3 smoke tablet PC RSS3 was reported at 410 cents per kilogram in March, compared with 410 cents per kilogram in the previous trading day.
The Thai tyre grade standard STR20 was shipped in March at 405 cents per kilogram, compared with 403 cents per kilogram in the previous trading day.
The SIR20, the standard tire rubber grade for Indonesian shipments shipped in March/April, was reported at 385 cents per kilogram, compared with 385 cents per kilogram in the previous trading day.
In March/April, Malaysia's tire grade standard rubber SMR20 was reported at 390 cents per kilogram, compared with 386 cents per kilogram in the previous trading day.
A senior senior official of the Thai Ministry of Agriculture said on Tuesday that the Thai government has approved a budget of 1.5 billion baht ($477 million) for the purchase of smokeless film (USS3) from JiaoNong, a move designed to support prices.
Since the quote was too high for most buyers, there was no report of the deal on Thursday.
Shipment of Thailand's No. 3 smoke tablet PC RSS3 was reported at 410 cents per kilogram in March, compared with 410 cents per kilogram in the previous trading day.
The Thai tyre grade standard STR20 was shipped in March at 405 cents per kilogram, compared with 403 cents per kilogram in the previous trading day.
The SIR20, the standard tire rubber grade for Indonesian shipments shipped in March/April, was reported at 385 cents per kilogram, compared with 385 cents per kilogram in the previous trading day.
In March/April, Malaysia's tire grade standard rubber SMR20 was reported at 390 cents per kilogram, compared with 386 cents per kilogram in the previous trading day.
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