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SINGAPORE, Oct 12 (Reuters): Natural rubber prices rose in Asia yesterday due to gains in Tokyo and as tight supply in main consumer China propelled Shanghai futures to record highs, dealers said.
On the Shanghai Futures Exchange the most active rubber contract 0 SNR: , January, rose 260 yuan per tonne to 18,335 yuan as Chinese buyers returned after last week's holidays.
Indonesia's tyre-grade SIR20 rubber for December delivery was sold Monday at between $1.63 and $1.64 a kg in Medan in North Sumatra and also in Surabaya in East Java.
The same grade was offered at around $1.65 a kg in Sumatra.
Malaysia's SMR20 rose to $1.66 from $1.64 for November delivery while Thailand's STR20 block for November shipment was steady at around $1.72 per kg, said dealers.
Thai RSS3 rubber sheet for November had been sold at $1.73 a kg and dealers noted bids at as high as $1.75 a kg.
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