Tokyo NR smashes through $5/kg

ERJ staff report (DS)

Tokyo -- Prices on Tokyo's rubber exchanges jumped upwards again, this time breaking through the yen 400 barrier. A sharply strengthening yen has pushed the price well above $5 once more.

On Tokyo's TOCOM Exchange, prices for the six-month contract increased by around 7 percent on heavy trading, closing at yen 407.3 ($5.16) per kg on Thursday 17 March. March contracts finished at yen 403 ($5.10) per kilo on Wednesday 16 March.

In Singapore, Sicom said short-dated RSS3 prices jumped in response to the increases in Tokyo, closing at around $4.60. Short-dated TSR 20 also jumped by almost 10 percent, closing around $4.35

India's NMCE prices also recovered, with March deliveries finishing up around Rs 7 at around Rs 214 ($4.80) per kilo

Shanghai Futures Exchange increased slightly, with the highest price recorded at yuan 35 ($5.32) per kilo for short-dated contracts. Longer-dated contracts increased slightly, finishing at Yuan 34.7.

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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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