Focus: NR prices surge but market ‘still in oversupply’

London – Building on a rally started two months earlier natural rubber prices shot up during the four trading weeks of November, ERJ’s latest snapshot of NR markets in the Far East shows.

The trend was led by China, where the closing price for Ru1705 – the most heavily traded NR future on the Shanghai Futures Exchange (SHFE) – reached Yuan18,420/tonne on 25 Nov. This was 30.2% above the level recorded at the end of the first trading week last month.

On Japan’s TOCOM exchange, back-month prices…

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