8 Nov 2019
Natural rubber prices show slight signs of recovery from October lows across all major Far East markets.
London – Natural rubber prices showed slight sings of recovery from October lows across all major Far East markets observed by European Rubber Journal.
Markets dipped in October as China-US trade conflict escalated.
By early November, the trend had reversed in most markets, in response to reports of supply tightness in the wake of the spread of the leaf fungal disease across southern Thai plantations.
According to figures released by the Association of Natural Rubber Producing Countries (ANRPC) on 21 Oct, the world supply of natural rubber fell 8.3% to 5.853 million tonnes during the first half of 2019, while demand climbed by under 1% to 6.933 million tonnes.
Shanghai SHFE ru2001: Yuan 11,885/tonne (1 Nov) compared to Yuan11,765/tonne (18 Oct) and to Yuan 11,870/tonne (20 Sept)
Tokyo Tocom RSS3 back month: Yen172.1/kg (1 Nov) compared to Yen166/kg (18 Oct) and to Yen166.6/kg (20 Sept)
Tokyo Tocom TSR20 back month: Yen148.9/kg (1 Nov) compared to Yen166/kg (18 Oct) and to Yen153.9/kg (20 Sept)
Singapor SGX TSR20: $1.34/kg (1 Nov) compared to $1.08 (18 Oct) and to $1.361/kg (20 Sept)
Kuala Lumpur SMR20: $133.20/100kg (1 Nov) compared to $130.95/100kg (18 Oct) and to $134.6/100kg (20 Sept)
Kuala Lumpur Latex: $105.24/100kg (1 Nov) compared to $102.94/100kg (18 Oct) and to $107.41/100kg (20 Sept)
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