Wednesday, May 18, 2011

NR Prices Recover In Tokyo

Prices on Tokyo’s rubber exchanges moved upward overnight..
On Tokyo's Tocom Exchange, prices for the six-month contract recovered yeasterday, closing at yen 385 ($4.71) per kg on Tuesday 17 May. Shorter-dated prices also moved upward, closing above 400.
In Singapore, SGX said short-dated RSS3 closed at around $4.97 with longer-dated contracts trading down at around $4.75. Short-dated TSR 20 closed up at $4.47
In China, the Shanghai Futures Exchange saw prices fall, with June deliveries trading at around Yuan 33.4 ($5.13) per kilo
(European Rubber Journal, May 17, 2011)

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