Market and product

Asian physical rubber prices - Feb 23

10:08 AM @ Thursday - 24 February, 2011

BANGKOK, Feb 23 - Asian physical rubber prices were unchanged near record high levels on Wednesday even though futures prices on the Tokyo Commodity Exchange fell sharply, as tight supply still supported the physical market, dealers said.

PRICES OF PHYSICAL RUBBER COMPARED TO FEB 22

Grade Price Change

Thai RSS3(April) $6.30/kg unchanged

Thai STR20 (April) $5.65/kg unchanged

Malaysia SMR20 (April) $5.65/kg unchanged

Indonesia SIR20 (April) $2.51/lb unchanged

Thai USS3 181 N/A

Thai 60-percent latex (drum/April) $3,750 N/A

Thai 60-percent latex (bulk/April) $3,650 N/A 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.