Thailand Stocks: Banpu, Khonburi Sugar, Sri Trang, Thai Rubber
The SET Index fell 1.4 percent to 967.18. The gauge dropped 1.7 percent this week, the first decline in three weeks.
Coal prices in Asia are unlikely to recover in 2012 from the first decline in three years as electricity-price controls prompt Chinese and Indian utilities to limit purchases of the fuel. Power-station coal at the Australian port of Newcastle, a benchmark price for Asia, will average about $118 a metric ton next year, according to the median estimate of six analysts and traders surveyed by Bloomberg News. Prices have averaged $122 so far in 2011.
Rubber producers: Sri Trang Agro-Industry Pcl (STA) , Thailand’s biggest publicly traded rubber producer, dropped for a sixth day, declining 1.2 percent to 17 baht, the longest losing streak since February. Thai Rubber Latex Corp. (Thailand) Pcl (TRUBB) fell 1.9 percent to 3.04 baht, the lowest since Oct. 21.
Rubber futures declined in Tokyo as concerns grew that European leaders are struggling to contain the debt crisis, threatening the global economic recovery and demand for the commodity used in tires.
Khonburi Sugar Pcl (KBS TB), a sugar producer, gained 2.9 percent to 10.7 baht, the largest increase since Nov. 15. Net income for the year ended Sept. 30 more than quadrupled to 800.95 million baht ($25.7 million).
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