2 Feb 2011
ERJ staff report (DS)
London -- Natural rubber (NR) prices are on the increase once more. A blog on the website of the International Rubber Consortium (IRCo) said, "On the Shanghai futures exchange, the most active rubber contract for May delivery rose from 40,460 yuan/ton on 28 Jan. to 41,390 yuan/ton on 1 Feb. in anticipation and expectation of further rises in commodity prices including crude oil futures, rubber futures, and physical markets after the Chinese Lunar New Year holidays as a dry wintering season has started in major rubber producing countries and investors expect no further monetary tightening measures by China's central bank in the coming weeks."
In Tokyo, Tocom's benchmark six-month price was trading at yen 475.3 ($5.82), towards the end of the aftenoon session on Tuesday 2 Feb.
In Singapore short-dated RSS3 closed at $5.80. Short-dated TSR20 closed at 4 cents at $5.43/kg .
Indian prices on the NMCE (National Multi-Commodity Exchange) has once more risen above 250 before closing at Rs 245.7 ($5.39)/kg for May delivery.
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)
Rubber prices on Sicom (Singapore)
Rubber prices on NMCE (India)
Rubber prices on SFE (Shanghai)
---
Rises In Rubber Prices Backed By A Rally In Oil Prices
IRCo (Malaysia)
Fresh buying boosts spot rubber prices
The Hindu Business Line (India)
Business Recorder (Pakistan / Tokyo)
Subscribe for unlimited access. A subscription to European Rubber Journal includes:
Already a subscriber? Log in here
