17 Jan 2020
Prices reflect political turmoil in the Middle East as well as easing of US-China trade tensions
London – Natural rubber (NR) prices grew in the first weeks of 2020, which started with high political tensions in the Middle East.
Spot prices for all major Far East markets observed by ERJ increased over the two weeks to 10 Jan, reflecting higher crude oil prices as well as an ease in trade tensions between China and the US.
Shanghai SHFE ru2005: Yuan 13,100/tonne (10 Jan) compared to Yuan 12,875/tonne
Tokyo Tocom RSS3 back month: Yen201.4/kg compared to Yen198.9/kg
Tokyo Tocom TSR20 back month: Yen165.8/lg compared to Yen160.9/kg
Singapore SGX TSR20: $1.48/kg compared to $1.47/kg
Kuala Lumpur SMR20: $149.35/100kg compared to $144.68/100kg
Kuala Lumpur Latex: $113.89/100kg compared to $111.62/100kg
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