London – Following signs of strengthening, natural rubber (NR) prices were back in reverse mode across most major markets last week.
As indicated by ERJ’s latest snapshot of Far East markets, the commodity was trading generally lower over the seven days to 24 May.
The prior-week gains had coincided with the start of export cuts by Thailand and the suspension of tapping by China’s Yunnan Natural Rubber due to drought and pest infestations.
SHFE Ru1909: Yuan11,850/tonne (24 May) compared to Yuan12,205/tonne (17 May)
Tocom RSS3: Yen191.8/kg compared to Yen201.8/kg
Tocom TSR20: Yen161.7/kg compared to Yen166.0/kg
SGX TSR20: $1.46/kg compared to $1.78/kg (16 May)
Kuala Lumpur SMR20: $153.08/100kg compared to $152.05/100kg
Kuala Lumpur Latex: $118.21/100kg compared to $117.38/kg