4 Mar 2022
Shanghai futures drop as small gains reported in Kuala Lumpur physical rubber
London – Natural rubber (NR) market trends were mixed in the immediate aftermath of the Russian war on Ukraine, with Shanghai futures posting the biggest decline.
Compared to 12 Feb, Shanghai Futures’ weekly average for the most active rubber contract for May delivery closed 3.6% lower at Yuan13,955/tonne on 25 Feb, a day after Russian troops invaded Ukraine.
Japanese Osaka Exchange rubber contract for July delivery closed 2.9% higher on the day, although commodities markets in Japan started to slide in the wake of Moscow’s assault.
In physical markets, Kottayam RSS4 was down 2.3% while Kuala Lumpur SMR20 saw a marginal growth compared to two weeks before.
|
Market |
12 February to 25 February |
Change |
|
Shanghai SHFE ru2205: |
Yuan14,485/tonne to Yuan13,955/tonne |
-3.6% |
|
Osaka RSS3: |
Yen253.8/kg to Yen261.3/kg |
+2.9% |
|
Singapore SGX TSR20: |
$179.73/100kg to $181.5/100kg |
+1.0% |
|
Kottayam RSS4: |
$220.93/100kg to $215.79/100kg |
-2.3% |
|
Kuala Lumpur SMR20: |
$179.21/100kg to $180.91/100kg |
+0.9% |
|
Kuala Lumpur Latex: |
$150.67/100kg to $166.07/100kg |
+10.2% |
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