Rubber futures steady<\/p>\n
SINGAPORE (Reuter): Singapore nearby TSR20 rubber futures were
\nquietly steady by the finish yesterday, helped by firm Indonesian
\nprices on weather factors, traders said.<\/p>\n
But the RSS1 and RSS3 contracts were marked lower in line with
\nthe Tokyo's trend, they said.<\/p>\n
News that Saturday's earthquake in the Indonesian island of
\nSumatra hardly moved the market after initial reports showed that
\nit damaged no ports or processing plants.<\/p>\n
\"The impact is hardly significant as no factories near Jambi
\nare affected,\" one Singapore trader said. Jambi, located near the
\nquake area, is a main rubber port.<\/p>\n
Traders did not hear any fresh Indonesian deals today partly
\ndue to the long weekend holiday in the United States. The Jambi
\nrubber is valued at 56.50 U.S. cents a pound and Palembang at 57.<\/p>\n
But they said the prices could remain high in the coming days
\ndue to soaring raw material prices following heavy rains.<\/p>\n
\"The raw material supply is very scarce,\" one Jambi trader
\nsaid. He said a kg of raw rubber is now priced at 2,600 rupiah.<\/p>",
"url": "https:\/\/jawawa.id\/newsitem\/rubber-futures-steady-1447893297",
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"sponsor": "Okusi Associates",
"sponsor_url": "https:\/\/okusiassociates.com"
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