Singapore - Natural rubber prices are starting to rise once more, having risen by around 30 percent since hitting a low at the end of November.
In Singapore RSS1 is currently trading just above 300 singapore cents per kilo ($2), with futures contracts running about 10 percent higher, at 330 Sing cents/kg. RSS3 is slightly lower, but still hovering just below $2/kg, with futures contracts up to about $2.15.
Tokyo's TOCOM 6-month price is around Â¥250/kg ($2.09), while in India the price is threatening to breach Rs 100/kg ($2.25)once more.
Prices now are slightly above the levels exactly one year ago, but still far short of the $2.80 or so peak reached in June 2006.
This is an external link and should open in a new window. If the window does not appear, please check your pop-up blocking software. ERJ is not responsible for the content of external sites.
TOCOM rubber prices
SICOM price chart
Rubber rises despite profit booking The Hindu Business Line (India)
rubber prices ended mixed yesterday Business Times (Malaysia)