IRCo's DCP charted another record high on 15 April when it breached the 350 US cents/kg. level. During the week under review, it recorded a 1.48 US cents/kg. gain amidst continuing tight supplies in the physical market and gains in the futures markets, except on the Shanghai Futures Exchange.
China, after having sold 30,000 tonnes from its reserve of natural rubber on 14 April, announced on 16 April that it will sell another 30,000 tonnes from the reserve on 23 April in a further bid to mitigate the high prices and pressure from tight supplies.
Thai RSS 3 was quoted at a record high of US $ 4.10/kg. on 16 April, although there was no report of trade done at that level. Thailand had a long Songkran New Year's holidays from 13-15 April with an added government declared holiday on 16 April.
(Irco.biz)
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