Natural rubber price rally goes into reverse

London – Those insisting that the surge in natural rubber (NR) prices over recent months would run out of steam seem to have been proved correct – sooner and more emphatically than most would have expected.

Having continued to ramp up prices into early February, with gains averaging around 20%, ERJ’s latest snapshot of Far East market shows that NR buyers had well and truly hit the brakes going into the third month of the year.

On the Shanghai Futures Exchange, the closing price for RU1709 –…

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