Monday, May 9, 2011

NR Prices In Up-And-Down Movements

Prices on Tokyo’s rubber exchanges moved sharply upward over the weekend, though forecasters say prices are likely to drop further this week.
On Tokyo's Tocom Exchange, prices for the six-month contract closed up by yen 14 at yen 373 ($4.62) per kg on Monday 9 May. Shorter-dated prices were higher, at around yen 410.
In Singapore, Sicom said short-dated RSS3 closed down by some $0.12 at around $5.10 with longer-dated contracts trading at around $4.65. Short-dated TSR 20 closed down by $0.10 at $4.34
Prices on India's NMCE exchange closed up Rs 6 at Rs 227 ($5.08 per kilo).
In China, the Shanghai Futures Exchange saw prices recover by about half a yuan, with May deliveries trading at around Yuan 34.7 ($5.34) per kilo
(European Rubber Journal, May 9, 2011)

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