Thursday, March 17, 2011

Sicom Rubber Futures Up; Thai Raw Material Recovers

Sicom rubber futures up midday, as the Thai government and industry players move quickly to
shore up prices following an exacerbated slide in prices after the earthquake and tsunami in Japan; the price of the raw
 material USS3 in Thailand has risen back above the minimum THB120/kg level that the government has pledged to maintain.
 The benchmark Sicom April RSS3 contract trades 23.3 U.S. cents higher at 482 cents/kg. The April TSR20 contract is up
25 cents at 459 cents/kg.

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