NR Prices recover over the weekend as producers plan support at $3.50

ERJ staff report (DS)

London -- Rubber prices remained stable over the weekend. As a result of the sharp falls at the end of last week, the main producing nations are talking about support if prices fall below $3.50. On Tokyo's Tocom Exchange, prices for the six-month contract closed up yen 3 at yen 269.9($3.50) per kg on Monday 14 Nov. Shorter-dated prices also increased slightly to close up yen 2 and yen 256.

In Singapore, SGX said RSS3 for delivery in May 2012 was up nearly $0.10, to trade at around $3.52, while short-dated prices were up by the same amount st $3.34. TSR20 for March delivery also rose, to trade around $3.38.

In India, NMCE said November deliveries remained below Rs 200, but rose by 2 rupees to close at Rs 198 ($3.95).

In China the Shanghai Futures Exchange saw November deliveries rose by nearly a yuan to close at Yuan 26.6 ($4.18) per kilo.

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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)

Market Watch (31 October - 4 November 2011) from IRCo

Daily report on Natural Rubber: 14 Nov 2011 from Geojit Comtrade Limited (India)

International Rubber Prices 14 Nov 2011 from Geojit Comtrade Limited (India)

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

VNB Blog (Vietnam)

Asian physical rubber prices - Nov 14

Reuters via Yahoo (Bangkok)

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