3 Feb 2011
ERJ staff report (DS)
London -- Natural rubber (NR) prices jumped overnight to new records, with many contracts breaking the Yen 500 barrier.
In Tokyo, Tocom's benchmark six-month price closed at yen 499.7 ($6.12), at the end of the aftenoon session on Thursday 3 Feb, but almost all other contracts closed well above 500.
In Singapore short-dated RSS3 closed at $5.80, up by 10 cents from yesterday. Remarkably, short-dated TSR20 closed down 6 cents at $5.43/kg .
Indian prices on the NMCE (National Multi-Commodity Exchange) also rose, closing at Rs 252.8 ($5.54)/kg for May delivery.
Chinese prices on the Shanghai Futures Exchange (SFE) moved slightly higher, closing above Yuan 41 /kg for March, April and May deliveries with longer dated contracts lower. May deliveries touched Yuan 41.8 ($6.37) during Friday trading ahead of the holidays.
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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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Commodity Online (India)
Spot rubber rebounds on short covering
India Infoline (India)
Business Recorder (Pakistan / Tokyo)
Lower local prices boost rubber exports
Economic Times (India)
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