The 34th Committee on Strategic Market Operation (CSMO) Meeting, 27th IRCo Board of Directors Meeting, 5th Annual General Meeting of IRCo Shareholders and IRCo's Annual Dinner on 23 - 24 April 2009 in Bangkok, Thailand.
IRCo's WEEKLY MARKET SNAPSHOT
22 - 26 June 2009
After a continuous decline in the last four weeks, IRCo's DCP gained US 1.92 cents/kg. in a late-week rally on all fronts. Physical prices in the tripartite countries were steady in the first 3 days of the week before firming up, tracking the futures markets which rallied with improvements in crude oil prices, the equity markets and firming up of the yen and regional currencies against the greenback. Notable amongst the trade news was the announcement by a leading Thai exporter that it had signed a contract for the sales of 100,000 tonnes of rubber to China around US $ 1.70 cents/kg. for delivery from July to December 2009.