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Floods and speculators buoy natural rubber prices

London – Natural rubber prices have continued to ramp up with gains averaging around 20% since the turn of the year, according to ERJ’s latest snapshot of Far East markets.

On the Shanghai Futures Exchange, the closing price for Ru1705 – the most heavily traded NR future – stood at Yuan21,475 /tonne on 2 Feb, 17.8% above the level recorded at the end of last year.

And on Japan’s TOCOM exchange, the back-month price for reference RSS3 materials lifted by 15.4% to Yen315.5/kg in the trading weeks…

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