ERJ staff report (DS)
London -- Rubber prices eased slightly on Monday on profit-taking. prices in Shanghai eased to below the Tokyo level.
ERJ has an exclusive report on why rubber prices are so high. Readers should see here to read the detailed report.
In Tokyo, Tocom's benchmark six-month price barely moved over the weekend, trading at 523 ($6.29) per kg, in late trading on Monday 21 Feb.
In Singapore short-dated RSS3 closed at $6.48 in thin trading, unchanged from last week. Short-dated TSR20 closed down at $5.66.5 / kg .
Indian prices on the NMCE (National Multi-Commodity Exchange) rose again, closing at Rs 265 ($5.87)/kg for June delivery, unchanged from last week.
Chinese prices on the Shanghai Futures Exchange (SFE) eased once more, with some April contracts trading at yuan 41.0/kg ($6.24).
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ERJ blog on rubber prices from David Shaw
Rubber prices on Tocom (Tokyo)
Rubber prices on Sicom (Singapore)
Rubber prices on NMCE (India)
Rubber prices on SFE (Shanghai)
Rubber Futures Decline After China Raises Reserve Requirements Bloomberg (Japan)
Spot rubber stays steady The Hindu Business Line (India)
High prices and tight supply to spur rubber expansions Business Recorder (Pakistan / Tokyo)
NMCE Rubber drops on profit booking Commodity Online (India)
Spot rubber rules steady India Infoline (India)
Rubber prices expected to continue uptrend The Star (Malaysia)