Indonesian and Malaysian cash prices breached a US$5.0 level on 3 January, and they continued to rise further to 5 January. Tokyo and Shanghai rubber futures resumed their first trading day of 2011 on 4 January with further rises from 30 December 2010.
| DESCRIPTION |
| 3 JAN |
| 4 JAN |
| 5 JAN |
| UNIT |
| IRCo's DCP | 497.94 | 505.19 | 510.97 | US cents/kg | ||||
| TOCOM/RSS3 * | ||||||||
| - Jan. 11 | - | 416.00 | 419.00 | Yen/kg | ||||
| - Jun. 11 | - | 426.30 | 428.20 | Yen/kg | ||||
| SHFE/RSS3 ** | - | 37,455 | 37,785 | Yuan/ton | ||||
| AFET/RSS3 | ||||||||
| - Feb. 11 | - | 152.60 | 156.20 | THB/kg | ||||
| - Aug. 11 | - | 154.05 | 157.65 | THB/kg | ||||
| RRIT *** | ||||||||
| - RSS3 | - | 152.80 | 154.80 | THB/kg | ||||
| - STR20 | - | 150.75 | 152.75 | THB/kg | ||||
| SIR20 **** | 504.00 | 510.00 | 512.00 | US cents/kg | ||||
| SMR20 **** | 502.00 | 508.00 | 510.00 | US cents/kg |
Source: IRCo
Note: * Day session
** The highest daily trading volume was May 2011
**** RRIT means Rubber Research Institute of Thailand
**** Offer, f.o.b., Asian physical rubber prices for Feb./Mar. delivery, Dow Jones
- Closed on a public holiday
The bellwether Tokyo rubber futures still continued rising and hit fresh all time highs for the second day on the back of strong market fundamentals when its June benchmark contract settled at 428.2 yen/kg. on 5 January while the benchmark May contract on Shanghai rubber futures also ended higher at 37,785 yuan/ton. Cash prices in the region were also pulled up further by rubber futures during the same period.
There is the latest news from Thailand today that rainfall in southern Thailand still disrupts rubber tapping in many main production areas, and it is expected that the wet weather will extend over the coming days.
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