The Tokyo Commodity Exchange futures, which
set the tone for rubber prices, erased early gains in part after the bourse
urged investors to settle contracts well before expiry on 24th April. Tokyo
rubber futures hit a five-month low, as it came under pressure from heavy selling.
Tocom rubber contract for September delivery finished closed at ¥212.9 per kg,
its lowest close since 18th November.
The benchmark RSS4 grade rubber closed at `.141
a kg at Kottayam, while RSS3 grade closed at `.143.22 a kg at
Bangkok and Malaysian SMR20 closed at `.102.40 a kg. On
National Multi Commodity Exchange futures series closed for May 2017 closed at `.137.16
a kg, June at `.140.23 and July at `.142.34 a kg. Tokyo
Commodity Exchange April 2017 futures series closed at ¥246.5 a kg, May at ¥239.9,
June at ¥226, July at ¥219.7, August at ¥215.6, and the contract for delivery in September
closed at ¥212.9 a kg. On Wednesday, most probably Tocom futures contract for
delivery in September 2017 may trade in the range of ¥201 & ¥210 a kg.
For 2016-17 Rubber Forecast: http://rubber4u.com/Public/RForecast.pdf
