LONDON (Feb. 6)—Natural rubber prices continue to climb, hitting $2.20 per kilogram at the close of trading Feb. 3, up about 4 percent over the previous day's close.
In Tokyo the benchmark six-month futures prices closed at 267.5 yen/kg, some 3.5 percent higher than the close of 258.5 on Feb. 2. All futures contracts were trading well above 260 yen/kg (around $2.19).
In India's spot markets, prices followed Tokyo's upward move Feb. 2. Four-sheet grades rose by about 1 rupee/kg Feb. 2 and closed at 80 rupees/kg. Futures prices also rose strongly, with all contracts in the mid-80s range
In Singapore trading was brisker than the past two days. RSS3 spot reached 217 U.S. cents/kg, while the futures contracts closed around 220 U.S. cents/kg, compared with around 212 the day before.