Rubber: Natural-rubber output in Thailand, the largest producer and exporter, may drop 4.1% in 4Q to 930k mt, as heavy rain and floods disrupt latex tapping in key producing areas. Low supply will continue to support prices.
Speculation that China will step up purchases to replenish stockpiles amid concerns over declining supplies also resulted in recent spikes in rubber futures prices traded on the Shanghai Futures Exch…
Shares of Sri Trang, Thailand’s biggest listed rubber producer, are now at record high of THB32.75/sh.
Msia rubber prices have been trading near all time high of RM1200/kg over the past two wks.
Positive for GMG, which recently reported doubling of 3Q rev to $110m, record net profit of $16.2m on higher rubber sales volumes (+23%) & ASP (+75%) of $4,141/ton vs >$5,000/ton currently.
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