NR prices move to new record high in Tokyo
ERJ staff report (DS)
London -- Rubber prices jumped to new all-time highs overnight as trading picked up again after the Chinese new Year holidays. A blog on the website of the International Rubber Consortium suggested prices will go higher yet.
In Tokyo, Tocom's benchmark six-month price hit a record high of yen 516 before closing at yen 511 ($6.18) per kg, after afternoon trading on Thursday 10 Feb. contracts for May delivery rose above Yen 526 ($6.35)
In Singapore short-dated RSS3 rose to a high of $6.29 before falling to $6.16 at the close, the same as yesterday. Short-dated TSR20 also closed unchanged at $5.71/kg .
Indian prices on the NMCE (National Multi-Commodity Exchange) rose slightly, closing at Rs 252 ($5.52)/kg for May delivery.
Chinese prices on the Shanghai Futures Exchange (SFE) eased very slightly, with some May contracts trading at yuan 43.3/kg ($6.57), just below yesterday's high of yuan 43.5/kg ($6.60).
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Blog from IRCo
Rubber prices on Tocom (Tokyo)
Rubber prices on Sicom (Singapore)
Rubber prices on NMCE (India)
Rubber prices on SFE (Shanghai)
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India Infoline (India)
Rubber at record high for second day
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NMCE Rubber gains on fresh buying
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