SINGAPORE (May 24) — Natural rubber prices resumed their upward trend in markets around the world following a holiday in Singapore.
In Tokyo the benchmark 6-month futures prices closed at 298.3 yen/kilo ($2.66) today, after failing to breach Ñ300 during the day. Futures contracts are trading above 290 Ñ/kg (around $2.60).
Prices in Singapore also rose after the holiday. RSS3 spot is trading at around 254.25 U.S. cents/kg. Meanwhile there was no trading at all in RSS1, but the spot price closed at 405.25 Sing cents/kg ($2.55) on Tuesday.
In India prices continued beyond the Rs 100 mark, with spot prices for RSS4 ending at Rs100.5 ($2.20) and futures prices around Rs105.