Natural Rubber Price Monitor: Declines continue

London – Natural rubber (NR) prices were depressed in the week to 24 April as most markets registered declines.

With the exception of a marginal 0.1% improvement in the Shanghai Futures Exchange, all Far East commodity markets monitored by ERJ saw rubber contracts fall over the last week.

NR prices have seen a sharp downward trend over the recent months, weighed down by Covid-19 pandemic, slow demand and low crude oil prices.

Shanghai SHFE ru2009: Yuan 9,960/tonne (24 April) Compared to Yuan9,950/tonne(17 April) – up 0.1%

Tokyo Tocom RSS3 back month: Yen151.5/kg compared to Yen153.9/kg – down 1.5% 

Tokyo Tocom TSR20 back month: Yen120.4/kg compared to Yen123.5/kg – down 2.5%

Singapore SGX TSR20: $1.10/kg compared to $1.13/kg - down 2.6%

Kuala Lumpur SMR20: $ 111.52/kg compared to $112.69/kg – down 1%

Kuala Lumpur Latex: $96.96/kg compared to $97.36/kg – down 0.4%