NR May Climb to USD 4 a Kilogram in 1Q11 Driven by Strong Fundamentals

By Anant Thawatchaipracha

Chief Secretary and Economist of IRCo, Mr. Yium, said that natural rubber prices may hit 4US$ per kilogram by the first quarter of next year with supports not only from strong fundamentals, but also from internationally and domestically strong demand.

Mr. Yium furthered with Dow Jones that there was an increase in domestic demand due to the rise in auto sales, so that would cut back on exports.

Toyota Motor Thailand reported that new vehicle sales in August in Thailand rose by 52% on year.

"The strengthening Chinese yuan would also boost purchases from the world’s top natural consumer," said Mr. Yium.

(irco.biz)