Tokyo NR Prices Sink Below $5 Over Weekend

Prices on Tokyo’s rubber exchanges moved downward over the weekend.
On Tokyo's Tocom Exchange, prices for the six-month contract closed down about yen 28 at yen 405 ($4.95) per kg on Monday, 28 March. April contracts finished down by 20 yen at yen 423 ($5.17) per kilo.
In Singapore, Sicom said short-dated RSS3 prices closed level at around $5.65. Short-dated TSR 20 also remained unchanged, closing at $5.13
India's NMCE prices increased, with April deliveries finishing at around Rs 226 ($5.08) per kilo
Shanghai Futures Exchange also moved down, with the highest price recorded at yuan 36.8 ($5.60) per kilo for short-dated contracts. Longer-dated contracts also moved down, finishing at around Yuan 35.
(European Rubber Journal, March 28, 2011)