NR prices recover slowly in Tokyo, Singapore

Tokyo - Natural rubber prices bounced back on Monday, gaining much of the ground lost on Friday, but remained below ¥300/kg in Tokyo.

In Tokyo the benchmark 6-month futures prices closed at 295.8 yen/kilo ($2.56) on Monday. Shorter futures contracts are currently trading around 300 ¥/kg (around $2.60).

In Singapore prices also ended higher, following the trend in Tokyo. Short-dated RSS3 closed at 264. US cents/kg on Monday, up by a couple of points, while the 12-month contract stood at 254 cents, also a couple of points above Friday's close. Meanwhile short-dated RSS1 closed up four points at 427 Sing cents/kg, (US$2.67). The 12-month contract stood at 411.25, four cents up on Monday's close.

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Price charts SICOM (Singapore)

Price charts Tocom (Tokyo)

Price charts NMCE (India)

Spot rubber prices improve The Hindu Business Line (India)

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