According to news from Singapore on March 9, 2011, spot rubber prices in Asia fell on the 9th, due to the fact that futures prices continued their downward trend and transactions were active. A Singapore dealer stated that prices may have bottomed out after oscillating in the past few days. “A lot of people think that the decline is already large enough and the price will remain stable at this level; the price decline is beneficial to us and we can purchase raw materials.†He added that there have been reports that there may be some defaults in the market, as some buyers who had previously bought at high prices may not be able to accept shipments due to cash flow problems, especially if they have not yet sold inventories of rubber. Large-scale tire manufacturer Bridgestone bought Thai RSS3 rubber with a recent shipping schedule at a price of US$5,200 per ton. The Indonesian SIR20 rubber price for the May shipment is approximately US$4,475 per tonne, based on the FOB benchmark. The price of Malaysian SMR20 rubber for May shipment is US$4,580-4,600 per ton. In April/May shipment of Thailand's No. 3 smoke tablet rubber RSS3 was reported at 520 cents per kilogram, compared with 551-552 cents per kilogram in the previous trading day. In April/May, Thailand's tire grade standard STR20 was 465-466 cents per kilogram, compared with 495-496 cents per kilogram in the previous trading day. In April/May, Indonesia's tire grade standard rubber SIR20 was reported at 447-450 cents per kilogram, which was 450-460 cents per kilogram in the previous trading day. The April-May shipment of Malaysian tire grade standard SMR20 was reported at 458-460 cents per kilogram, compared with 482-485 cents per kilogram in the previous trading day. Mini Polishing Machine,Manual Polishing Machine,Stainless Steel Polishing Machine,Metal Buffing Machine Foshan Youngmax Machine Co.LTD , https://www.ymaxmachine.com
Spot rubber prices fell sharply as the price continued the decline