NR prices bounce back in Tokyo

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)

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