ERJ staff report (DS)
Tokyo -- Prices on Tokyo's rubber exchanges moved sharply upward over the weekend, though forecasters say prices are likely to drop further this week..
On Tokyo's Tocom Exchange, prices for the six-month contract closed up by yen 14 at yen 373 ($4.62) per kg on Monday 9 May. Shorter-dated prices were higher, at around yen 410.
In Singapore, Sicom said short-dated RSS3 closed down by some $0.12 at around $5.10 with longer-dated contracts trading at around $4.65. Short-dated TSR 20 closed down by $0.10 at $4.34
Prices on India's NMCE exchange closed up Rs 6 at Rs 227 ($5.08 per kilo
In China, the Shanghai Futures Exchange saw prices recover by about half a yuan , with May deliveries trading at around Yuan 34.7 ($5.34) per kilo
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Rubber prices on Tocom (Tokyo)
Rubber prices on Sicom (Singapore)
Rubber prices on NMCE (India)
Rubber prices on SFE (Shanghai)
Spot rubber slips further The Hindu Business Line (India)
Spot rubber improvesIndia Infoline (India)
Rubber prices to slip over 12% in May on higher supply Economic Times (India)
Key tocom rubber futures plunge RubberMarketNews (China)
Rubber to trade soft this week The Star (Malaysia)