NR prices rebound

Tokyo -- Prices on Tokyo’s rubber exchanges rose once more overnight.

On Tokyo's Tocom Exchange, prices for the six-month contract increased by about yen 13 , closing at yen 380($4.64) per kg on Tuesday 24 May. Shorter-dated prices also moved up, closing at 412.3.

In Singapore, SGX said short-dated RSS3 were trading up by 6 cents at around $5.08 with longer-dated contracts up further at around $4.90. Short-dated TSR 20 was trading up at $4.48.

In India, the NMCE saw June deliveries trading at around Rs217 ($4.80) per kilo

In China, the Shanghai Futures Exchange also saw prices rise by around one yuan, with June deliveries trading at around Yuan 34.14 ($5.25) per kilo

Source: http://www.european-rubber-journal.com/fullitem.aspx?id=115636