Asian physical rubber prices - June 23

BANGKOK, June 23 - Asian physical rubber prices were slightly lower on Wednesday and were likely to drop gradually over the next few weeks because of rising supplies in major producing countries, dealers said.

Rubber supplies are due to rise in July as rain in parts of Thailand and Malaysia, the biggest and third-biggest producers respectively, is likely to ease, allowing farmers to tap more latex, they said.

For a full report on TOCOM, click on [RUB/T]

PRICES OF ASIAN PHYSICAL RUBBER COMPARED WITH JUNE 22

Grade Price Change

Thai RSS3 (Aug) $3.60 unchanged

Thai STR20 (Aug) $3.00 -$0.05

Malaysia SMR20 (Aug) $2.85 -$0.05

Indonesia SIR20 (Aug) $1.33/lb -$0.02

Thai USS3 112 baht/kg unchanged

Thai 60-percent latex (drum/ Aug) $2,200 unchanged

Thai 60-percent latex (bulk/ Aug) $2,100 unchanged

**NOTE - The prices quoted above are offers collected from traders in Thailand, Indonesia and Malaysia. They are not official prices quoted by state-run rubber agencies in those countries.

(news.alibaba.com)