Asian rubber prices in the near future is expected to hold by Kennedy Thailand supply support

Jakarta on July 1: Friday traders said Asian rubber prices in the near future is expected to hold firm by the world's largest rubber producing countries Thailand supported by tight supply.
The emergence of new markets is also Indonesia's rubber demand, as market participants worried about tight supply could lead to further Jiaojia up, in addition to traders and manufacturers also conduct short-covering. Indonesian rubber prices in the region is the most expensive.
"Buyers have to buy rubber, in particular, the Singapore trader. Europe and the United States are also sporadic buying," one dealer said Indonesia.
Over the past few months, the supply of rubber in Southeast Asia have been tense due to Thailand's rain affected the tapping and processing plants to slow down production, Thailand is usually rubber exports 90% of its total output.
Thailand weather has slightly improved, the increase of farmers tapping activities, but traders said prices are expected in the next few days will not drop.
Exporters have said they are still in August and September shipment of long-term contract sales are more cautious for fear of insufficient supply.
In Indonesia, the world's second largest production center, as the western island of Sumatra scholaris leaves into the period, the decline in rubber production, raw material prices last week pushed up by 4% to 11,000 rupees per kilogram (1.13 U.S. dollars).
Indonesia tire on the 20th-grade standard plastic (SIR20) 8 cargo on offer from a week ago, rose 6.5 percent to 1.33 U.S. dollars per kilogram of cargo on .9 offer also rose to 1.34 U.S. dollars per kilogram.
Energy prices are one of the causes holders Kennedy, as a result of rising oil prices will cause natural rubber to replace the use of synthetic rubber, which is a petrochemical product.
Synthetic prices climbed last year, up nearly 40% to about 1700 U.S. dollars per ton, almost to the global rise in crude oil prices in line.
Malaysia 20 standard plastic (SMR20) held in early trading 1.35 U.S. dollars per kilogram, up over Thursday's close 0.015 U.S. dollars.
In India, traders will be expected to increase in exports, and hence the price in the next few weeks may increase.
Traders said that in southern India on the 5th Yan Pianjiao (RSS5) reported that about 61 rupees a kilogram (about 1.4 U.S. dollars) a week ago for close to 60 rupees.
South India's largest rubber producer Pala Marketing Society president KK Abraham said that if prices remain at current levels, market participants will begin to be export-oriented rubber.
"From the mid-7, Jiaojia expected to rise again," he said, "If the price of 70 rupees per kg, I would not be surprised."
India's annual natural rubber production is about 750,000 tons, accounting for the world's total output of about 10%.