Thai natural rubber manufacturing firms Thursday sold RSS3 grade rubber to tire makers in Japan at $3,030 a metric ton, free-on-board Bangkok, for shipment in containers in February, trading executives said.
Companies are making offers around $3,100/ton, but actual trades are at much lower levels as buyers rush in to take advantage of the recent downward correction, they said.
Last week, Thai exporters was making RSS3 offers at record-high levels above $3,200/ton, but had to scale down their rates after a sharp correction in futures markets.
(Source: irco.biz)
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