London – There have been some signs of reverse in a recent uptrend in natural rubber (NR) prices, ERJ’s latest snapshot of Far East markets indicates.
Monitored for the week ending 26 April, Shanghai Futures Exchange (SHFE), Singapore’s SGX posted departures from the positive territory of just 10 days before.
On the other hand, back month prices for RSS3 continued to strengthen on the Tocom exchange in Tokyo, while it remains to be seen if there have been any significant shifts on exchanges in the main NR exporting countries.
SHFE Ru1909: Yuan11,285/tonne (26 April), compared to Yuan11,740/tonne (16 April)
Tocom RSS3: Yen190.9/kg (26 April), compared Yen185.4/kg (16 April)
Tocom TSR20: Yen168.9/kg (26 April) compared to Yen176.0/kg (16 April)
SGX TSR20: $1.48/kg (26 April), compared from $1.58/kg (16 April)
Kuala Lumpur Latex: $123.52/100kg (19 April*) compared to $125.49/100kg (12 April*)
Kuala Lumpur SMR20: $153.66/100kg (19 April*) compared to $153.82/kg (12 April*)
*Average for trading week ending on that date, based on figures compiled by the Association of Natural Rubber Producing Countries (ANRPC).