ERJ staff report (DS)
Mumbai -- Natural rubber prices hit record levels earlier today in India. In Tokyo rubber was trading at prices up to $3.28/kg, with the same levels being seen in Singapore.
RSS4 grades hit Rs 146 ($3.21)/kg on India's NMCE exchange today, with press comment suggesting Rs150 ($3.30) will be reached in the very near future.
In Tokyo, Tocom's 6-month benchmark contract was trading around yen 290 ($3.20)/kg, though short-dated contracts were higher, at around yen 297.
Singapore's Sicom exchange saw short-dated RSS3 contracts trading around $3.28/kg, while six-month contracts were lower at $3.19 or so.
Eighteen months ago, the price was just $1/kg, but quickly rose to $1.50, and has steadily been increasing ever since.
This is an external link and should open in a new window. If the window does not appear, please check your pop-up blocking software. ERJ is not responsible for the content of external sites.
Prices on TOCOM Tokyo
Prices on SICOM Singapore
Prices on NMCE India
Spot rubber prices surge to new record The Hindu Business Line (India)