NR prices recover a little, still close to historic highs

London -- Natural rubber prices continue to yo-yo around historic highs.

In Tokyo the benchmark 6-month futures prices closed at 264.5 yen/kilo on Thursday, up nine points from yesterday, but still three points below Friday's record-breaking close of 267.5. All futures contracts were trading at around 260 ¥/kg (around $2.19).

India's spot markets drifted downward, closing 1 ruppee down, at Rs82. Futures prices fell slightly though all contracts remained in the high-80s range, and RSS4 for May delivery closing at Rs 88.9, slightly lower than yesterday's close of Rs90.4.

In Singapore RSS3 spot recovered to 212 US cents/kg, from 207 yesterday, still high in historical terms, but slightly lower than the record figure of 220 achieved late last week, while the futures contracts closed around 207.5 US cents/kg, compared with around 220 last week. The 12-month contract also rose, nominally closing at 217, up frpm yesterday's figure of 210.5 but there were no trades. Meanwhile there was no trading at all in RSS1, but the spot price closed at 348 Sing cents/kg, up 6 cents, while the 12-month contract closed at a nominal price of 356.5 Sing cents/kg (US$2.19).

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Price charts SICOM (Singapore)

Price charts Tocom (Tokyo)

Price charts NMCE (India)