London – Natural Rubber (NR) markets displayed signs of recovery last week, as indicated by ERJ’s latest snapshot of Far East markets (10-17 May).
The rise in prices were in the run up to Thailand’s delayed implementation of exports cut, which started this week. The country will cut exports by over 126,000 tonnes over a four-month period.
Indonesia and Malaysia started their four-month cut at the beginning of April.
SHFE Ru1909: Yuan12,205 (17 May) compared to Yuan 11,510 (10 May)
Tocom RSS3: Yen201.8/kg compared to Yen195.0/kg
Tocom TSR20: Yen166.0/kg compared to Yen 163.7/kg
SGX TSR20: $1.78/kg (16 May) compared to $1.46/kg
Kuala Lumpur SMR20: $152.05/100kg compared to $150.58/100kg