NR prices remain at historic highs

Kochi, India - Spot RSS4 rubber in Kochi, India touched Rs 89.5 / kg ($1.98) on Monday, an all-time high in India, but around 7 percent lower than world prices. The high price is reflected in markets around the world, as prices continue to bubble a few percentage points off the record highs set in early February.

In Tokyo the benchmark 6-month futures prices closed at 253.4 yen/kilo on Tuesday, a few points off the record close of 267.5 set on 3 Feb. Futures contracts are currently trading at around 245 ¥/kg (around $2.13).

In Singapore RSS3 spot is trading at around 216 US cents/kg some 4 points lower than the record figure of 220 achieved in early February, while the futures contracts closed around 217 US cents/kg, compared with around 220 during Feb. Meanwhile there was no trading at all in RSS1, but the spot price closed at 349 Sing cents/kg, just 1 percent off the early-Feb highs, while the 12-month contract closed at a nominal price of 351 Sing cents/kg (US$2.21).

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Price charts SICOM (Singapore)

Price charts Tocom (Tokyo)

Price charts NMCE (India)

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