NR prices ease, but fundamentals remain strong

Singapore - Natural rubber prices eased somewhat in markets around the world as all commodities fell. The trend however suggests firther increases maybe on the way as the rainy season throughout S E Asia will tend to reduce output in the face of strong demand. The wintering is lasting longer this year, said observers, suggesting that normal yields will not be achived until June.

In Tokyo the benchmark 6-month futures prices closed at 279.8 yen/kilo ($2.54) on Tuesday, down a couple of points on Monday's close. Futures contracts are currently trading at around 270 ¥/kg (around $2.45).

Prices in Singapore also declined from Monday's close. RSS3 spot is trading at around 242 US cents/kg, while the futures contracts closed around 244 US cents/kg, down by almost 4 cents from Friday. Meanwhile there was no trading at all in RSS1, but the spot price closed around 384 Sing cents/kg, while the 12-month contract closed at a nominal price of 390.75 Sing cents/kg (US$2.47), down by about 3 points.

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