NR prices drift upwards once more

Singapore - Natural rubber prices resumed their upward momentum on Wednesday after a short respite last week.

In Tokyo the benchmark 6-month futures prices closed up on the previous day, at 312 yen/kilo ($2.76) on Wednesday, still a few points off the high of ¥319.6 recorded last week. Futures contracts are currently trading just above 310 ¥/kg (around $2.75).

In Singapore prices also moved upwards, following the trend in Tokyo. RSS3 spot closed at 271 US cents/kg on Tuesdayday, up a cent from Monday's close. Meanwhile there was no trading at all in RSS1, but the spot price closed up 1 point at 429.5 Sing cents/kg, (US$2.71), 0.2 cents ahead of last week's highs.

Spot RSS4 rubber in Kottayam, India remained steady on Tuesday, reflecting the Tokyo exchange

The Malaysian Rubber Board official physical seller price for tyre-grade SMR 20 was up 5 points on Tuesday at 841 sen/kg ($2.30) three percent off last week's 20-year high of 864 sen.

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Price charts SICOM (Singapore)

Price charts Tocom (Tokyo)

Price charts NMCE (India)

Spot rubber stays steady The Hindu Business Line (India)

Rubber prices up amid tight supply Business Times (Malaysia)