NR prices resume upward trend

Singapore - Natural rubber prices resumed their upward trend in markets around the world as the end of the week approached, breaching $2.50/kg in Singapore as well as Tokyo.

In Tokyo the benchmark 6-month futures prices closed at 289.7 yen/kilo ($2.59) on Friday, down a couple of points on the intraday high of ¥292.3. Futures contracts are currently trading at around 280 ¥/kg (around $2.50).

Prices in Singapore also rose after a slight dip on Tuesday. RSS3 spot is trading at around 250.75 US cents/kg, while the futures contracts all closed above 250 US cents/kgalthough prices declined very dslightly from Wednesday's close. Meanwhile there was no trading at all in RSS1, but the spot price closed at 396.75 Sing cents/kg ($2.50) on Thursday, while the 12-month contract closed at a nominal price of 405.25 Sing cents/kg (US$2.55), all contracts were trading above 400 cents for the first time.

This is an external link and should open in a new window. ERJ is not responsible for the content of external sites.

Price charts SICOM (Singapore)

Price charts Tocom (Tokyo)

Price charts NMCE (India)

Rubber market buoyant The Hindu Business Line (India)

Rubber export zooms 1194% in just a month Business Standard (India)

Rubber-based units hit by rising costs Business Standard (India)

Rubber products makers ask banks for cheaper loans Business Times (Malaysia)