ERJ staff report (DS)
Tokyo -- Prices on Tokyo's rubber exchanges bounced back from recent lows overnight, while other markets caught up with yesterday's sharp drop in Tokyo.
On Tokyo's TOCOM Exchange, prices for the six-month contract increased on heavy trading, closing at yen 370 ($4.54) per kg. Shorter-dated contracts also recovered, finishing at yen 375 ($4.60) per kilo on Tuesday 15 March.
In Singapore, Sicom said short-dated RSS3 prices plunged, to catch up with yesterday's falls in Tokyo. The closing price was down a further 10 percent at $4.40 on thin trading. Short-dated TSR 20 also fell 10 percent to close at $4.00
India's NMCE prices also fell, with March deliveries finishing down by around Rs 7 at around Rs 191 ($4.21) per kilo
Shanghai Future Exchange also eased significantly, with the highest price recorded at yuan 34.5 ($5.24) per kilo for short-dated contracts. Longer-dated contracts were priced around Yuan 33, level with yesterday's close.
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Rubber prices on Tocom (Tokyo)
Rubber prices on Sicom (Singapore)
Rubber prices on NMCE (India)
Rubber prices on SFE (Shanghai)
Thai government to buy rubber to support prices Commodity Online (India)
Spot rubber plummets below Rs 200 a kg The Hindu Business Line (India)
NMCE Rubber slumps on selling pressure Commodity Online (India)
Rubber in Tokyo Falls to Four-Month Low as Japan Quake May Derail Demand Bloomberg (Japan)
B120 floor sought for rubber prices Bangkok Post (Thailand)
Natural rubber market sags on Japan tsunami effect Business Standard (India)
Rubber Slides to Four-Month Low as Demand May Slow Down After Earthquake Bloomberg (Japan)