26 Jan 2006
London -- Prices of natural rubber remain at historical highs in markets around the world and continue to rise. In Malaysia the price is approaching RM 7/kg, and according to Aliasak Ambia, vice-president of Malaysia's National Association of Smallholders (NASH), prices could rise to RM10/kg within three years.
In Tokyo the benchmark 6-month futures prices closed at 244.6 yen/kilo on 26 Jan, continuing the week's upward trend.
In India's spot markets, sheet rubber grades topped Rs 77/kg - another all-time high - and traders suggested the spot price might reach Rs80/kg in the next few days as sellers hold on to stocks. Futures contracts continued to trade well above Rs80/kg.
In Singapore, RSS3 was trading at 199 US cents/kg with futures showing prices up to 204.5 for the 12-month contract, with all deliveries from April 2006 onwards trading above $2/kg. RSS1 was at 325.3 Sing cents/kg ( fractionally over 200 US cents) with the 12-month price at 334.
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Price charts SICOM (Singapore)
Price charts Tocom (Tokyo)
Bullish trend resumes in rubber market Business Line (India)
Rubber prices closing in on record RM7 a kg Business Times (Malaysia)
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