Natural rubber trading steadies amid geopolitical turmoil

Sandwich, UK – TSR20 prices remained in a narrow range of less than 10 €cents/kg CIF during November, the Rubber Trade Association of Europe (RTAE) has reported.

The trend was in marked contrast to the swings of up to 10 €cents/kg daily seen in early October following a sharp rise – by about 25 €cents/kg – towards the end of September.

November’s quieter trading in the natural rubber commodity occurred against a background of major geopolitical upheaval and turmoil, not least in the US the Middle East, Ukraine and Sudan, noted RTAE's latest monthly bulletin.

Meanwhile, the economic outlook in Europe became more gloomy, with automotive industry layoffs and production cuts in Germany and elsewhere, added the report issued in early December. 

The UK-based association went on the note the “rampant” US stock market and economy but questioned whether the incoming administration’s keenness for tariffs would “justify the enthusiasm.”

TSR20 average monthly price 2024 (€/tonne)

_{Source: Rubber Trade Association of Europe}

With its head office in Sandwich, Kent, RTAE is focused on international rubber trading through the European market: providing support to producers, brokers, dealers, traders and consumers in any territory.