Tokyo NR prices jump to Yen 345/kg

Tokyo, Japan — Prices of natural rubber closed at around Yen 345/kg ($3.20) on Tokyo’s TOCOM exchange on Monday. This is still short of the Yen 353.3/kg attained earlier this month, but still at historically high values.

Bloomberg quoted a trader saying, “the market could test the 354-yen level reached on June 12, which was the highest since March 1980, but that it would probably take more than technical factors to lift prices above that level.”

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