Singapore rubber futures

Tue, 14 Nov 1995

SINGAPORE (Reuter): Singapore rubber futures widened gains by the close in moderate trade yesterday, lifted by spiraling Tokyo and Indonesian prices, brokers said.

"We heard Indonesian rubber was done at 75 U.S. cents (a pound) which is very high and we have adjusted our prices accordingly," one senior broker said. The Tokyo values also firmed on buying by individual investors.

By 9:45 GMT, Jan-March TSR20 was valued at 231-233 Singapore cents (US$1.63-$1.65) a kg against 227 last settled. A supply crunch following persistent rains is causing Indonesian shippers to run out of supplies, dealers said.

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