NR prices hit records around the world

ERJ staff report (DS)

Singapore -- Prices of natural rubber hit record highs around the world, as floods restricted supply out of Thailand and other producing nations.

In Tokyo, the six-month contract on Tocom hit a high of yen 351 / kg ($4.33). Shorter-dated contracts were priced slightly lower.

In Singapore, business was most brisk in short-dated contracrts, with trades for December RSS3 running around $4.20/kg and TSR20 priced at $4.03/kg

In India, the National Multi-Commodity Exchange (NMCE) recorded prices above Rs204 / kg ($4.61) with contracts for January priced higher than December contracts

In China, the Shanghai Futures Exchange saw prices of Yuan 32.7 per kg ($4.90) for some large contracts.

Buyers for large tyre companies expressed concern over the state of the market and suggested that figures coming out of the producing countries did not accurately reflect the true supply situation, which was leading to speculation and excessive prices.

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Rubber prices on Tocom(Tokyo)

Rubber prices on Sicom(Singapore)

Rubber prices on NMCE(India)

Rubber prices on SFE(Shanghai)

Spot rubber stretches record run The Hindu Business Line (India)

Rubber futures in Thailand, the world's largest producer, and Singapore surged to record highs. Business Day (South Africa / Thailand)

Rise in spot rubber prices India Infoline (India)

Rubber Rallies as Floods Squeeze Supply; Shanghai Hits Record Bloomberg Business Week (Thailand)

Indonesia Rubber Advances to Record on Rains, Flooding Bloomberg (Indinesia)

Rubber scales peak as floods wreak havoc in S-E Asia Commodity Online (India)

Rubber commodity prices approach all time high ProcurementLeaders (UK)

Rubber procurement prices set to soar PurCon (UK)