Rubber prices in Asia mostly steady Monday, as a result of some parts of Indonesia's rubber supply, and Thailand under the heavy rain. But the overall market, sluggish trading, Tokyo Commodity Exchange (TOCOM) closed due to holidays.
TOCOM waiting for the market reopened Tuesday. TOCOM rubber force in December fell about 4.4 yen last Friday, closed at 283.9 yen per kg.
Traders said that Indonesia SIR20 rubber tire class from last Friday reported that 1.04 U.S. dollars per pound. But not on the buyer's details.
Padang, a dealer said the market conditions boring, but the supply has become less and less. "Interested buyers to 104.25 cents rubber prices, but many sellers no interest."
Dealers said the tight supply in Indonesia, as a result of Sumatra, the island is still in the southern deciduous period.
In Thailand, Yan Pianjiao Three indicators (RSS3) 8 on FOB price stability in the 2.50-2.55 dollars / 0.8 kilograms of delivery on the level STR20 standard tire rubber prices little changed at 2.45 U.S. dollars / kg.
"Some areas still affected by the rain, but the supply has improved. Calm the market today, because people want to know how to market TOCOM tomorrow." Town of Hat Yai in southern Thailand, a dealer said.
"TOCOM rubber period of poor technical. But I do not know whether it will be subject to other markets, as oil and gold going up. I guess there is still a good 280 yen Office support."
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