SIR 20 reaches all-time high,

Singapore - Standard Indonesian Rubber 20, the natural rubber grade used most often by US tyre makers, reached an all-time high price on Thursday, according to Dow Jones News Service. Meanwhile rubber prices elsewhere have been rising slowly during the week, closing just above Yen 300/kg in Tokyo, over 5 percent short of the highs recorded a couple of weeks ago.

In Tokyo the benchmark 6-month futures prices closed at 302.5 yen/kilo ($2.60) on Friday. Shorter-delivery contracts were more expensive, with the June 2006 contract closing at ¥320/kg, after reaching an intra-day high of 322.7 ($2.77).

In Singapore prices moved upwards slowly during the week. Short-dated RSS3 was trading around 272 US cents/kg on Friday, up by about 10 cents on the start of the week, while the 12-month contract was lower, at at 263. Commentators said heavy rains in the growing regions were driving short-term prices up, as tappers were finding it hard to get to extract latex. Meanwhile short-dated RSS1 also rose higher during the week, up about 10 points to 438.5 Sing cents/kg, (US$2.74). The 12-month contract stood at 423, fifteen cents up on the beginning of the week.

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Price charts SICOM (Singapore)

Price charts Tocom (Tokyo)

Price charts NMCE (India)

Spot rubber remains flat The Hindu Business Line (India)

Download commodity page from Business Times (Malaysia) (152k .PDF file)