Prices on Tokyo’s rubber exchanges eased overnight on selling pressure.
On Tokyo's TOCOM Exchange, prices for the six-month contract closed down about yen 3 at yen 438 ($5.42) per kg on Wednesday 23 March. March contracts finished down by 1 percent at yen 445 ($5.50) per kilo.
In Singapore, Sicom said short-dated RSS3 prices closed at around $5.54. Short-dated TSR 20 jumped, closing at $5.24
India's NMCE prices also eased, with April deliveries finishing at around Rs 230 ($5.12) per kilo
Shanghai Futures Exchange increased, with the highest price recorded at yuan 37.7 ($5.75) per kilo for short-dated contracts. Longer-dated contracts increased slightly, finishing at Yuan 36.7.
(European Rubber Journal ,March 23, 2011)
Thursday, March 24, 2011
Tokyo NR Prices Ease Overnight
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