Rubber prices mixed in KL but stable in Jakarta

Rubber prices mixed in KL but stable in Jakarta

KUALA LUMPUR (Reuter): Malaysia's rubber market closed mixed
yesterday with players watching movements of the ringgit to fix
prices while the market drifted aimlessly, traders said.

There was no news of business in the market, although
inquiries were reported from China for the SMR20, said the
traders.

The SMR20 for September buyer was priced a cent higher at
250.50 cents a kg.

Traders were offering the SMR 20 at 249 cents a kg, the SMR CV
at 289 cents, SMR L at 270, SMR 5 at 262, SMR 10 at 250 and drum
latex at 192 for Aug/Sept.

In Jakarta, Indonesian rubber prices were mostly stable in
midday trading yesterday, with Singapore dealers heard buying
ture-grade SIR20, traders said.

They said October rubber was done at 41.50 cents/lb fob Padang
late on Tuesday, while business in other centers was slow, due in
part to the rupiah's gains against the dollar.

Traders said October SIR20 was offered at 42.00 cents/lb fob
Medan, 41.50-41.75 cents fob Palembang, 41.625 cents fob Padang
and 41.125 cents fob Surabaya.

In Bangkok, Thai rubber prices eased slightly yesterday in
light trade as foreign buyers turned their attention to
Indonesian rubber, which has been made more attractive by the
sharp decline in the rupiah, traders said.

Thai benchmark RSS3 for October delivery was indicated around
90.00 U.S. cents a kg fob Bangkok compared with 95.00-96.00 from
the last week. December was indicated around 95.00 U.S. cents a
kg on the same basis against 97.00 previous week, traders said.

In Singapore, rubber futures prices in Singapore ended
virtually unchanged Wednesday on higher turnover, dealers said.

Volume for three of the four contracts traded on the Singapore
Commodity Exchange Ltd. rose to 10,460 tonnes from 4,825 tonnes a
day earlier.

December RSS 1 was last traded at 144.75 Singapore cents,
September RSS 3 at 90 U.S. cents and October TSR 20 (FOB) at
90.75 U.S. cents. The TSR 20 contract was not traded.