Wednesday, March 30, 2011

NR Prices Show Uptick

Prices on Tokyo’s rubber exchanges moved upward overnight.
On Tokyo's Tocom Exchange, prices for the six-month contract closed up about yen 13 at yen 418 ($5.12) per kg on Tuesday 29 March. April contracts finished up by 6 yen at yen 429 ($5.25) per kilo.
In Singapore, Sicom said short-dated RSS3 prices closed down slightly at around $5.60. Short-dated TSR 20 plunged by $0.25, closing at $4.88
India's NMCE prices increased marginally, with April deliveries finishing at around Rs 227 ($5.07) per kilo
Shanghai Futures Exchange also moved up slightly, with the highest price recorded at yuan 36.9 ($5.62) per kilo for short-dated contracts. Longer-dated contracts remained level, finishing at around Yuan 35.
(European Rubber Journal, March 29, 2011)

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