Rubber Prices Rise Triggered by Mushroom Pests Attacking Rubber Plants in Thailand | DZHI - DZH International 

Rubber Prices Rise Triggered by Mushroom Pests Attacking Rubber Plants in Thailand

  • i2Matrix
  • 5 November 2019
Rubber prices rose because of rising crude oil prices and fungus pests attacking rubber plants in Thailand. 
March rubber prices on TOCOM rose 0.7 yen to 169.4 yen per kilogram. 
The price of rubber futures in TOCOM rose because mushrooms attacked plants in Thailand, the world's largest 
producer, fungus attacks made supplies less. The fungus pest attacking the planting area damages half of the 
production. Thailand as the world's largest rubber producer and exporter produces 40% of the global rubber supply. 
December rubber prices in Malaysia SMR20 dropped 55 cents to $ 133.45 per 100 kg. 
RSS-3 rubber prices in Thailand rose $ 1.14 to $ 147.90 per 100 kg. 
In India rubber prices rose due to rising domestic demand. 
Styrene is a synthetic rubber made from gasoline, is a rival to natural rubber, if statistics show an increase then the 
threat to natural rubber, demand is reduced. 
Statistical data from customs in September 2019, China imported 298,800 tons of styrene to total 2,194,500 tons. The 
average import price is $ 1040.09 per ton. Imports increased 161,000 tons or 5.8% of the month. China is the next 
largest buyer of Japan, South Korea and Taiwan. 
Crude oil prices rose at CME with the rise in styrene prices, which became expensive and buyers bought natural 
Translated with Google Translate from  
-- VibizNews 
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Benny Lee

Founder of i2Matrix. A market strategist, private trader and sought-after financial speaker and trainer in the Asian Region, Benny Lee has coached hundreds of professional and retails traders and investors in Malaysia, Singapore, Hong Kong, Thailand, Vietnam, Pakistan for more than 13 years. His passion in trading and chart analysis leads him to develop trading strategies that have helped him and many others to trade and invest successfully in the financial markets.

Benny Lee is recognized by the Malaysian and Singapore Stock Exchange as a Credible Trainer. He has also trained professionals in Malaysia under Securities Commission’s Continuous Professional Education (CPE) Program. He is also a market strategist Jupiter Securities Sdn Bhd, a Malaysian stock-broking firm.

Benny has been invited to share his expert opinion in major commodities and financial events in Malaysia, Singapore, India, Indonesia, Vietnam, Thailand, and Romania. His analysis on the financial markets can also be found on a regular basis in leading financial magazines like Smart Investor, Shares Investment Magazine and The Edge Daily in Malaysia, and Pulses Magazine in Singapore. He has also appeared on TV Financial Programs such as Capital TV (Malaysia), Channel News Asia (Singapore) and Sunbiz (Pakistan) to share his views about the markets and technical analysis.

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