NR price falls below $4: triggers intervention

ERJ staff report (DS)

London -- Rubber prices rose slightly overnight, following announcements from Thailand that it would redsuce output in an effort to shore up prices, but it was not enough to bring prices above $4. On Tokyo's Tocom Exchange, prices for the six-month contract increased by about 4 yen,to close at yen 303 ($3.95) per kg on Wednesday 05 Oct. Shorter-dated prices fell further, closing at yen 295.

In Singapore, SGX said RSS3 prices for March delivery recovered above the $4 barrier to close at $408. TSR20 for delivery in February 2012 also recovered to close at $4.06.

In India, the NMCE said prices increased by a rupee, with October deliveries priced at Rs 211 ($4.27).

In China, the Shanghai Futures Exchange saw prices unchanged, with October deliveries trading at Yuan 28.5 ($4.46) per kilo

This is an external link and should open in a new window. If the window does not appear, please check your pop-up blocking software. ERJ is not responsible for the content of external sites.

Rubber prices on Tocom (Tokyo)

Prices on SGX (Singapore) (select rubber in the drop-down listing)

Rubber prices on NMCE (India)

Rubber prices on SFE (Shanghai)

26 - 30 September 2011 from IRCo

Daily report on Natural Rubber: 04 Oct 2011 from Geojit Comtrade Limited (India)

International Rubber Prices 05 Oct 2011 from Geojit Comtrade Limited (India)

Natural Rubber Prices in Thailand, Vietnam, Indonesia, India and elsewhere

VNB Blog (Vietnam)

Asian physical rubber prices - Oct 5
Reuters via Yahoo (Bangkok)

-

Headline Dow Jones via IRCo (Thailand)

Thailand to Cut Rubber Supply to Prop Up PricesReuters via IRCo (Thailand)

Thai Government, Exporters Meet on Ways to Stabilise Rubber Dow Jones via IRCo (Thailand)

Thai Government to Meet Tuesday to Discuss Rubber Price-Support Moves - IRCo Dow Jones via IRCo (Thailand)

Thailand to cut rubber supply The Star (Malaysia)

Thailand to slash rubber output as price sags The Edge (Malaysia)