NR prices continue inexorably upwards

Singapore - Natural rubber prices resumed their upward momentum in markets around the world.

In Tokyo the benchmark 6-month futures prices closed up three points on the previous day, at 314.8 yen/kilo ($2.77) on Thursday, still five points off the high of ¥319.6 recorded last week. Futures contracts are currently trading just above 313 ¥/kg (around $2.75).

In Singapore prices also moved upwards, following the trend in Tokyo. RSS3 spot closed at 273.25 US cents/kg on Wednesday, up a cent from Tuesday's close. Meanwhile there was no trading at all in RSS1, but the spot price closed up 4.5 points at 434 Sing cents/kg, (US$2.725)

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Price charts SICOM (Singapore)

Price charts Tocom (Tokyo)

Price charts NMCE (India)

Panic sales hit spot rubber [but then recover] The Hindu Business Line (India)

MALAYSIAN rubber prices closed higher yesterday Business Times (Malaysia)

Major initiatives to strengthen rubber sector: Minister The Hindu (India)

Centre rules out rubber export ban The Hindu Business Line (India)