Asian rubber prices rose Tuesday, led by stronger Shanghai futures that buoyed the overall mood in the market.
“Overnight gains in Shanghai futures continue to support rubber prices,” said a Tokyo-based dealer.
However, rubber prices remained below levels hit late in November after a spate of speculative selling in the market that weighed on prices, according to traders.
Dec. 6 Change from previous close Tocom May RSS3 Y240.4/Kg Up Y0.7/Kg Shanghai May SCR5 CNY18,640/Ton Up CNY335/Ton Sicom Jan RSS3 US 212 cents/Kg Up US 2.7 cents/Kg Sicom Jan TSR20 US 173.3 cents/Kg Up US 1.9 cents/Kg USS Dec THB66.11-THB66.56/Kg THB64.56-THB65.59/Kg
