NR prices move upwards again

ERJ staff report (DS)

Tokyo -- Prices on Tokyo's rubber exchanges moved upward overnight, though forecasters say prices may drop later this week..

On Tokyo's Tocom Exchange, prices for the six-month contract closed up by yen 11 at yen 384 ($4.75) per kg on Tuesday 10 May. Shorter-dated prices were higher, at around yen 415.

In Singapore, Sicom said short-dated RSS3 closed down by some $0.05 at around $5.05 with longer-dated contracts trading at around $4.72. Short-dated TSR 20 closed up by $0.10 at $4.44

Prices on India's NMCE exchange closed up Rs 3 at Rs 230 ($5.14 per kilo

In China, the Shanghai Futures Exchange saw prices recover by a fraction of a yuan , with May deliveries trading at around Yuan 34.8 ($5.36) 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)

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Rubber prices may stabilise next few weeks - CRTA Daily Mirror (Sri Lanka)