Tropical Storm: Thailand's worst in nearly 30 years

Thai Meteorological Department warned of torrential downpours and strong winds in 15 provinces in Thailand south, home to natural rubber plantations. The strong winds are forecast with waves up to 3 to 5 meters high in the Gulf and 2 to 3 meters high in the Andaman Sea. There are fears that the storm will be the worst to hit Thailand since 1989.

The benchmark RSS4 grade rubber closed at `.125 a kg at Kottayam, while RSS3 grade closed at `.108.70 a kg at Bangkok and Malaysian SMR20 closed at `.96.36 a kg. On ICEX, January 2019, the futures closed at `.127.63 a kg, February at `.129.41, March at `.131.60, April at `.125.64, May at `.126.91 and June closed at `.128.17 a kg. Tokyo Commodity Exchange January 2019 futures series closed at ¥175.2 a kg, February at ¥175.8, March at ¥176, April at ¥176.6, May at ¥176.4 and the contract for delivery in June 2019 closed at ¥177 a kg.

To read Rubber4U – 15th January 2019 issue: http://rubber4u.com/Public/Abcd.pdf

For 2018-19 Rubber Forecast: http://rubber4u.com/Public/RForecast.pdf