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)
Monday, May 9, 2011
NR Prices In Up-And-Down Movements
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