NR prices hit Rs100 in India, steady elsewhere

Singapore - Natural rubber prices continued their upward trend in India, but remained steady in other markets around the world as the week began.

In Tokyo the benchmark 6-month futures prices closed at 291.8 yen/kilo ($2.62) on Tuesday, up a couple of points from Friday, but below the intraday high of ¥292.9. Futures contracts are currently trading at around 285 ¥/kg (around $2.56).

Prices in Singapore fell slightly over the weekend, but markets were closed on Monday for Vesak day. RSS3 spot was trading at around 250.00 US cents/kg, while the futures contracts were all at about the same price. Meanwhile RSS1 spot was trading at at 400.75 Sing cents/kg ($2.54).

In India, prices passed Rs 100 / kg for the first time ever on Monday and remained steady at that price or higher into Tuesday.

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Price charts SICOM (Singapore)

Price charts Tocom (Tokyo)

Price charts NMCE (India)

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