Article published in May/June issue of ERJ
London - After five years of steep decline, some green shoots of recovery are beginning to emerge in the natural rubber market. But opinion is divided over whether these shoots will be strong enough to survive.
ERJ’s snapshot of prices at the end of March showed that prices for RU1609, the most heavily traded rubber future on the Shanghai Futures Exchange, reached Yuan 11,370/tonne, almost 13-percent higher than in the first week of trading this January. In Japan, meanwhile, rubber prices closed at Yen167.0/kg on the TOCOM exchange, about 14 percent above the levels of early January.
Even bigger increases were recorded between early January and the end of March on rubber exchanges in Thailand and Malaysia.