Tokyo - Natural rubber prices continued their sharp decline on Friday, falling a further 5 percent in early trading on Friday, but prices recovered later in the day, ending only fractionally below Thursday's close
In Tokyo the benchmark 6-month futures prices closed at 287.8 yen/kilo ($2.50) on Friday, after losing over 14 points during the day. Shorter futures contracts are currently trading around 290 Â¥/kg (around $2.50).
In Singapore prices also ended slightly lower, following the trend in Tokyo. Short-dated RSS3 closed at 262. US cents/kg on Wednesday, down just half a point, while the 12-month contract stood at 251.75 cents, also half a point below Thursday's close. Meanwhile short-dated RSS1 closed down by one point at 423.5 Sing cents/kg, (US$2.67). The 12-month contract stood at 407.5, also just a cent below yesterday's close.
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